Russia’s Yamal LNG plant ships record gas volumes to Europe
Country surpasses traditional suppliers such as Qatar, Nigeria and Algeria, as well as newcomer US
London — Russia delivered a record amount of liquefied natural gas (LNG) to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time. A total of 19 cargoes, or 1.41-million tons, of LNG from the Yamal LNG plant in Russia’s Arctic reached regasification terminals in Europe in February, with most of those going to northwest Europe, Refinitiv Eikon data shows. This is the largest monthly amount of LNG from Yamal to arrive in Europe since the plant was launched in December 2017 and the first time Russia has become the biggest LNG supplier to Europe, surpassing traditional suppliers such as Qatar, Nigeria and Algeria, as well as a newcomer, the US. The jump in Russia’s deliveries to Europe shows how lower-than-expected LNG demand and lower prices in Asia have made Europe a top destination for LNG produced in the Atlantic basin this winter, a drastic change from the previous winter. None of the Yamal cargoes found a home in Asia in February...
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