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Europe cuts LNG imports to lowest level in six months

The capacity utilization percentage of Europe’s LNG receiving terminals fell to 58%, the lowest since February.

Supplies of liquefied natural gas in Europe fell to a six-month low, according to data for mid-August.

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Thus, this month, LNG supplies to the European gas transmission network decreased by 10% compared to the average daily figure in July. As of August 13, the capacity utilization percentage of the reception terminals has dropped to 58%.

Meanwhile, gas prices in Europe rose to $2,120 per thousand cubic meters, as part of the capacity of the Norwegian Troll field and the Kollsnes gas treatment plant was shut down from August 13 until the end of the month for annual maintenance. The production capacity was reduced by 20 million cubic meters. m of gas.

So far, gas reserves in European storage facilities have grown to 74.36%.

In general, the injection of gas into European storage facilities is on schedule, despite the reduction in Russian supplies.

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Source: korrespondent

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