Liquefied natural gas shortage in Northwest Europe

Demand for liquefied natural gas (LNG) in North-Western Europe fell in April, putting the region under pressure in the shoulder season.

Share:

Baisse Importations GNL Europe

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The significant drop in LNG (liquefied natural gas) imports in North-Western Europe, including France, Belgium, the Netherlands, Germany and the UK, presents major challenges for the region. In April, imports totalled 5.21 million tonnes, down 27.6% on the previous year. This drop, although followed by a monthly increase of 7%, raises concerns about the future availability of liquefied natural gas in the region.

Impact on national markets

France maintains its position as the main destination market for LNG imports, accounting for 40% of total imports. The Netherlands and Belgium follow with 30% and 13% respectively. However, significant declines were seen in the UK and Belgium, with drops of 83% and 37% respectively. This trend raises questions about the stability and competitiveness of energy hubs in the region.

Supplier breakdown

The USA dominates the LNG import market in North-Western Europe, accounting for 57% of total imports, followed by Russia (17%) and Algeria (11%). However, despite the diversification of suppliers, the overall drop in imports highlights structural and cyclical challenges that could affect energy supplies in the long term.

Future prospects

Low levels of demand and high levels of gas inventories contributed to the drop in imports. In addition, increased competition from other regions of the world, notably Asia, Egypt and Latin America, has created tensions in the European market. As countries in the region seek to maintain their energy competitiveness, strategic adjustments are needed to ensure a stable and sustainable supply of natural gas.

The decline in LNG imports into North-Western Europe underlines the crucial importance of diversifying energy supplies and ensuring the resilience of regional gas infrastructures. Faced with the growing challenges of demand, global competition and geopolitical change, political decision-makers and market players need to work together to ensure long-term energy security.

GTT has been selected by Samsung Heavy Industries to design cryogenic tanks for a floating natural gas liquefaction unit, scheduled for deployment at an offshore site in Africa.
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
Monkey Island LNG adopts ConocoPhillips' Optimized Cascade® process for its 26 MTPA terminal in Louisiana, establishing a technology partnership focused on operational efficiency and competitive gas export pricing.
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.

Log in to read this article

You'll also have access to a selection of our best content.