For the first time, northwestern European liquefied natural gas (LNG) terminals are exporting more than they are pumping into their home region’s pipelines as demand in Asia and South America pushes up prices. The price of LNG imports from Russia has risen by about 50 percent since last year, according to data compiled for Reuters by Bloomberg New Energy Finance (BNEF). The cargoes are being collected from storage tanks or from ships arriving earlier than expected from the Russian Arctic, where production has increased.
For the first time, northwestern European liquefied natural gas (LNG) terminals are exporting more than they are pumping into their home region’s pipelines as demand in Asia and South America pushes up prices. Most of the tankers arriving in Belgium, the Netherlands or northwest France this month are loading the fuel and selling it elsewhere. The cargoes are being collected from storage tanks or from ships arriving earlier than expected from the Russian Arctic, where production has increased.