Skip to main content

Pipeline gas loses market share as LNG surges

Published by , Editor
LNG Industry,


Reuters is reporting that Norway’s Equinor and Russia’s Gazprom, Europe’s largest suppliers of pipeline gas, have lost market share as a result of the LNG import surge that has occurred over the past 10 months.

LNG imports to Europe have benefitted from weak demand in Asia, which has led to European gas prices dropping to 10-year lows, LNG imports tripling and filled storage reaching multi-year highs.

In terms of market share, gas supplied to western and central Europe in the form of LNG reportedly increased to 14% in the period October 2018 to August 2019, from 5% in 2017 – 2018. In the same period (2018 – 2019), Norwegian gas dropped from 38% to 33% (a multi-year low), and Gazprom’s share dropped from 33% to 32% (although the company’s total gas exports to Europe did in fact increase).

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21082019/pipeline-gas-loses-market-share-as-lng-surges/

You might also like

Maritime’s future fuels

In our recent June issue of LNG Industry, Steve Esau, COO of SEA-LNG, addresses how to understand and bridge the gap between perception and the reality of decarbonisation.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG import news


 

LNG Industry is not responsible for the content of external internet sites.