Comments by "Valen Ron" (@valenrn8657) on "ShanghaiEye魔都眼"
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The United States remained Europe’s top supplier of liquefied natural gas (LNG) in the first 3 months of 2021 as it continued to gain market share at the expense of Russia and Qatar, Europe’s second- and third-largest sources of LNG, according to the EU Commission’s latest European Gas Market Report.
The US supplied 24% (4.2 Bcm) of the EU’s overall LNG imports (17 Bcm in Q1 2021); Russia placed second at 21% (3.7 Bcm); and Qatar was third at 18% (3.1 Bcm), the EU Commission reported in early July.
When compared to Q4 2020, the US picked up 2% market share from January to March this year, while Russia bested Qatar to become Europe’s second-largest LNG supplier. Nigeria placed fourth, followed by Algeria and Trinidad and Tobago.
A review of EU Commission reports dating back to 2019 reveals a steady quarter-to-quarter decline in Europe’s LNG purchases while it also documents the growing rivalry between the US and Russia, Qatar’s fall from dominance, and the emergence of the US as Europe’s top LNG supplier starting Q4 2019.
The EU is the world’s third-largest LNG market, though its imports amounted to only about half that of Japan (36 Bcm) and China (32 Bcm) in Q1 2021.
European gas consumption rose 7.6% to 132 Bcm in Q1 based on a year-on-year comparison. The commission noted that demand for gas as fuel to generate electricity rose 3.4%, also year-on-year (increasing by 4.9 TWh.)
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