Storage drawdown will shape Europe's LNG demand

摘要

European LNG demand could grow to 100M tonnes in 2021, with imports rising in the UK, France, Spain, Italy, Belgium, the Netherlands, Poland, Greece, Lithuania and Turkey, according to analyst projections. Much of this demand will be shaped by available storage during the 2021 European summer season.A new entrant to the market, Croatia, began importing LNG at the beginning of the year when it took delivery of its first chilled cargo at its newly commissioned floating storage and regasification unit (FSRU) LNG Croatia. Additionally, Turkey will add its third FSRU this year, the 170,000 m~3 Ertugrul Gazi. The country's other FSRUs operate in Hatay and Izmir. Owned by BOTAS, the newbuild FSRU strengthens Turkeys energy security, providing it with flexibility to import LNG from various countries or the spot market, without being constrained by pipelines.