Europe’s liquefied natural gas imports have increased lately, but remain below 2011 peak

Imports of liquefied natural gas (LNG) to the 28 countries that make up the European Union (EU-28) averaged 5.1 billion cubic feet per day (Bcf/d) in 2017, increasing for the third consecutive year but remaining below their 2011 peak. In 2017, imports of LNG into EU-28 accounted for 13% of the global total. LNG import capacity in EU-28 currently stands at 20 Bcf/d, or almost one-fifth of the global total, but utilization of EU-28 LNG import facilities has declined from about 50% in 2010 to between 20% and 25% in recent years as expansions in regasification capacity far exceeded demand for LNG imports. Source: Today in Energy – Europe’s liquefied natural gas imports have increased lately, but remain below 2011 peak

Continue reading Europe’s liquefied natural gas imports have increased lately, but remain below 2011 peak. This article appeared first on CTRM Center.

Source: CTRM Center

Related Posts

Leave a reply