Further delivery has helped reduce pressure on the market, and the prices of liquid natural gas fell by about 30% from the pebble of February.
Importing liquid natural gas (LNG) in Europe has reached a record for this period, which made it possible thanks to the decline in demand in Asia, especially in China. This makes it possible to reduce prices before an important period of filling storage facilities. Bloomberg reported this Friday, March 28th.
The gas flow to the main terminals in northern -west and Eastern Europe exceeds the average bow -time indicators and sets notes, according to data collected by Bloomberg, beginning in 2017.
Demand for LNG in Asia has been reduced, especially in China, which, as expected, imports this month will be reduced by 22% to an annual size. It encourages some Chinese companies to reorganize supplies to use higher prices in Europe.
This has become an important support for Europe, which this year requires significantly larger LNG volumes to fill the exhausted reserves. Further delivery helped to reduce pressure on the market, and LNG prices dropped by about 30% from the peak of February.
Earlier it was reported that penalties associated with part of the Russian sector of liquid natural gas and forced it to sell it with discounts, as well as expectations to stop traveling pipeline gas through Ukraine, European companies were prompted to increase Russian lng purchases. As a result, delivery is increased to a record level.
Remember that the largest Russian gas buyer in Europe is France, Spain and Belgium – they cost 85% of LNG imports from the Russian Federation.
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Source: korrespondent
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