LNG tankers change course to Europe

The European Union burned all the gas stored last year: LNG tankers turn to the EU
Cold weather, windless weather and the stoppage of Ukrainian transit of Russian gas provoked a jump in gas consumption in the EU. Daily deliveries from UGS have increased to the maximum since the winter of 2021.
Europe’s Gas Price Remains Elevated Amid Storage, LNG Supply Concerns
European natural-gas prices remained well supported, and ING said “the market and [EU] member countries are becoming increasingly concerned about the task of refilling storage through the injection season and the fact that the forward curve provides no incentive to store gas for next winter.
LNG tankers change course to Europe as gas storage levels drop
Europe is increasingly reliant on its ability to attract LNG following the loss of Russian gas through Ukraine, as it depletes its gas in storage. The EU’s gas storage was 59 per cent full as of Monday, 15 per cent below the same time last year, according to industry body Gas Infrastructure Europe. Colder weather contributed to a faster withdrawal.
Europe Snaps Up U.S. LNG as Higher Prices Divert Cargoes From Asia
Several US LNG cargo shipments originally heading to Asia are being diverted to Europe due to higher gas prices and greater demand in Europe.
Europe’s Gas Price Surge on U.S. LNG Export Worries
European natural-gas prices jumped back their highest level since the first trading day of the year as freezing weather in Texas threatened U.S. LNG exports.
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