Waterborne, the global leader in monitoring and analyzing LNG markets, announced today that during the month of November 2010, European LNG import volumes set a new, unprecedented record high.
According to Steve Johnson, president of Houston-based Waterborne, Europe imported a staggering 302 bcf – some 52 bcf more than the previous record volumes imported just two months earlier.
“Europe’s appetite for LNG has exploded,” says Johnson. “We believe this is partly due to the unusually cold weather setting in. In addition, the U.S. simply is not importing as much LNG as was expected due to the high level of shale gas being produced. Europe is simply snapping up a lot of this uncommitted gas.”
UK imports were the most significant contributor to Europe’s huge import month, says Johnson, bringing in 73 bcf. This level also set a record for the largest single import month ever for the United Kingdom.
About Waterborne
Waterborne monitors, analyzes and reports on global shipments of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG). Published since 1982, Waterborne Reports offer subscribers exclusive and comprehensive analysis of LNG and LPG markets throughout the United States, Central and South America, Europe and Asia. Unmatched in the industry for accurate, real-time LNG and LPG data, Waterborne Reports include bimonthly tracking summaries of volume totals by vessel and port, terminal capacities, ownership and expansion news, and more. Headquartered in Houston, Waterborne has offices in Dublin and London.
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Source: Waterborne Energy, December 10, 2010;