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EIA: US remained the largest LNG supplier to Europe in 2023

The United States was again the largest supplier of liquefied natural gas (LNG) to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ. Last year marks the third consecutive year in which the United States supplied more LNG to Europe than any other country: 27%, or 2.4 billion cubic feet per day (Bcf/d), of total European LNG imports in 2021; 44% (6.5 Bcf/d) in 2022; and 48% (7.1 Bcf/d) in 2023, according to the US Energy Information Administration (EIA).


Qatar and Russia remained the second- and third-largest LNG suppliers to Europe last year. Qatar supplied 14% (2.0 Bcf/d), and Russia supplied 13% (1.8 Bcf/d). Combined, the United States, Qatar, and Russia supplied three-quarters of Europe’s LNG imports in 2022 and 2023.

Europe’s LNG import, or regasification, capacity is on track to expand to 29.3 Bcf/d in 2024, an increase of more than one-third compared with 2021, according to data from the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press.

Russia’s invasion of Ukraine in February 2022 prompted European countries to halt most imports of natural gas from Russia via pipeline and reactivate development of previously dormant regasification projects as well as develop new projects.

Germany is adding the most LNG regasification capacity in Europe: developers added 1.8 Bcf/d in 2023 and plan to add 1.6 Bcf/d in 2024. In 2022 and 2023, the Netherlands, Spain, Italy, Finland, and France increased their regasification capacity by a combined 3.2 Bcf/d. In 2024, EIA expects Belgium, Greece, Poland, the Netherlands, and Cyprus to add a combined 1.8 Bcf/d of new capacity.

In 2023, Europe’s LNG imports averaged 14.7 Bcf/d, essentially unchanged from 2022, despite an estimated 4.2 Bcf/d of regasification capacity additions. Mild 2022–23 winter weather in the Northern Hemisphere reduced heating demand and contributed to Europe ending the winter heating season with record-high natural gas in storage. LNG imports into Europe established new records from June 2022 through April 2023, when imports peaked at 18.1 Bcf/d. Imports then declined in subsequent months because storage inventories were full, international LNG prices were relatively high, and energy conservation measures significantly reduced natural gas consumption.


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