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Energy crisis in Europe

LNG supplies to Europe in November hit 2021 lows

Overall LNG supplies from terminals to Europe’s gas transport system have reached around 100.7 bln cubic meters since the beginning of 2024

MOSCOW, December 3. /TASS/. LNG supplies from European terminals to the EU’s gas transport system rose by 7% in November 2024 month-on-month, reaching the lowest level for this month since 2021 though, according to data provided by Gas Infrastructure Europe (GIE).

Last month such LNG supplies amounted to 9.4 bln cubic meters, up by 7% compared with October, and down by 22% compared with last November, which is the lowest level for this month since 2021.

Overall LNG supplies from terminals to Europe’s gas transport system have reached around 100.7 bln cubic meters since the beginning of 2024, which is 16% lower than in the same period last year.

The share of LNG has been the largest among sources of gas supply to Europe in 2024, standing at 32.14%, according to figures provided by the European Network of Transmission System Operators for Gas (ENTSOG) as of November 27. Second come supplies from North Sea, mainly Norway’s gas (27%), followed by withdrawal of gas from underground gas storage (UGS) facilities (12.86%).

This is slightly above deliveries from the East, which include Russian gas, gas supplies from Ukraine, as well as withdrawal by European companies of their gas from Ukraine’s UGS facilities (10.82%). The share of gas deliveries from North Africa totals 9.7%, while that of supplies from the UK equals 3.85%.

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Energy crisis in Europe

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