The price of natural gas in Europe decreases the second day in a row against the background of the growth of the supply of liquefied natural gas (LNG) by American tankers, which are gradually beginning to displace Russian gas. It is reported by Bloomberg.
Agency with reference to the data of operators writes that flows on LNG terminals in the North-West part of Europe are at the maximum level from December 2019. Gas supply helps to compensate for “limited” exports from Russia, clarifies the agency.
Due to record gas prices in Europe last month, traders who deliver LNG in Asia, had to redirect tankers to European ports. It is noted that supply from the United States helps compensate for streams from Russia, which have recently become limited.
According to Bloomberg, currently exporting LNG from the US is beneficial in Asia, and already in March and April – to Europe. At the same time, more and more liquefied natural gas has already come to the European Union after the rise in prices at the end of 2021 did this region the most attractive market.
before Bloomberg wrote that Europe risks to remain without gas in the next two months due to frost and fuel deficit in storage. According to the publication, the prerequisites for the deficit are the reduction of natural gas production and the absence of additional supplies.
Gas reserves in Europe are overlooked after the Russian supplier stopped booking additional gas transit capacity on the Yamal-Europe gas pipeline in Germany from December 21. According to Gazprom, European buyers themselves do not make applications. Due to the freezing of supplies, the cost of gas in Europe for the first time in history exceeded $ 250 per thousand cubic meters.