Related Articles
Forward article link
Share PDF with colleagues

Allowing LNG to boost liquidity

New European terminals can play a vital role in an era of pipeline gas decline, but only if they provide genuine flexibility for all

Covid-19’s first wave showed exactly how integrated LNG has become into the liquid gas hubs of northwest Europe. When Asia started to cancel cargos as national lockdowns crushed demand, these volumes were rerouted to Europe, where they served to ‘top up’ US exports also delivering into LNG’s market of last resort. The resultant oversupply sent strong bearish price signals. But, as the benchmark TTF price plunged by early June, the US cancelled a swathe of cargos, supply was curtailed and—as demand recovered—TTF surged by over 60pc over the last few months. “With LNG import capacity increasing Europe’s supply options, the gas market in an ‘Energy Union’ case can build up its resilience to s

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK High Court throws out upstream challenge
18 January 2022
Activists’ efforts to have the revised OGA Strategy ruled unlawful are rejected by judge
UKCS still attracting buyers
18 January 2022
Healthy appetite remains despite an evolving oil and gas landscape
IOC stalwarts deliver Omani gas boost
18 January 2022
Shell and TotalEnergies have agreed to execute a major integrated development and bought into the government’s gas-led strategy
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video