to attest The northern hemisphere is the fifth warmest winter ever during 2022-2023, especially after consuming 97% of the world’s liquefied natural gas, according to the US Energy Information Administration Center, as Europe resorts to relatively full storage of liquefied natural gas at winter temperatures. Exceptionally warm, which reduced the demand for heating.
Reliable European Energy Reports says: “The extremely warm winter in Asia had the effect of rerouting record quantities of LNG from Asia to Europe. Full for most of the winter, Europe’s efforts to maintain natural gas and LNG imports at record levels helped offset the drop in pipeline imports from Russia.
The European reports included in the report of the US Energy Information Administration Center on the position of liquefied natural gas in Europe during the year 2022 indicated that European governments enacted policies requiring storage operators to maximize storage injections during the refill season to ensure the availability of natural gas supplies during the winter season. Storage stocks on November 1 were 95% full, compared to the 12-year (2011-22) average of 89%, exceeding stocking levels at the start of the heating season in 2021.
Europe and the UK traditionally rely on natural gas imports to meet more than 80% of natural gas consumption, and last year they diverted supplies away from pipeline imports from Russia.-
Russia’s natural gas exports to Europe, which averaged 8.8 billion cubic feet per day during the 2021-2022 winter, fell by 87%, from an average of 1.1 billion cubic feet per day last winter, despite an increase in pipeline natural gas imports. from Norway to 11.3 bcfd in 2022 (3% more than in 2021) and averaged 11.5 bcfd during the winter, however, a significant increase in LNG imports helped to refill storage stocks and balance the The market offset the decrease in pipeline imports from Russia.-
Europe’s LNG imports remained high throughout 2022 at an average of 14.9 bcfd, 65% (5.8 bcfd) more than in 2021.
Over the past winter, LNG imports averaged 16.3 bcfd, and reached an all-time monthly high of 17.9 bcfd. In December, Europe was the main destination for US LNG exports in 2022. .
Last year, the United States remained the largest supplier of LNG to Europe for the second year in a row, accounting for 44% (6.5 bcf/d) of LNG imports to the region during 2022.