Tuesday, 30 October 2018

Europe’s LNG imports rebound, but stay below 2011 peak

Seeking to balance a steady decline in domestic gas production, European buyers have been increasing their LNG imports for the third consecutive year to cater for growing demand from the power sector. Low hydroelectric output in Spain, Italy, and Portugal as well as unplanned nuclear plant shutdowns in France in 2017 led to greater gas use for power generation, and higher LNG import.

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