Qatar raises its share in EU LNG market above 30%
Baku, Azerbaijan, Oct.4
By Leman Zeynalova – Trend:
In the second quarter of 2019, Qatar remained the largest liquefied natural gas (LNG) supplier of the EU, raising its market share above 30 percent, which was the highest since Q3 2018, Trend reports with reference to the European Commission.
Russia came to the second place within the total EU LNG imports, reaching 19 percent in Q2 2019, which is a slight decrease compared to the last quarter (23 percent), but up from 8% in Q2 2018. The third most important LNG source was the United States, ensuring 13 percent of the total EU LNG imports.
The share of Nigeria shrunk further to 12 percent (from 14 percent in the previous quarter), closely followed by Algeria and Nigeria, both slightly above 10 percent Trinidad and Tobago and Norway both had a share in the EU LNG imports around 6 percent in Q2 2019.
EU LNG imports registered a huge increase in Q2 2019, reaching 29 bcm, up by 102 percent compared to the second quarter of 2018.
The total EU LNG imports amounted to an estimated 4.3 billion euros in Q2 2019.
With the exception of Sweden, importing LNG in small quantities, where decrease could be observed, all LNG importing countries in the EU showed measurable (double or triple digit) increases in per cent compared to Q2 2018.
In the Netherlands and Greece there was a more than threefold increase in the volume of imported LNG in Q2 2019 in year-on-year comparison, while in the UK imports rose by a factor of 3 as well. In Belgium and France LNG imports respectively rose by 135 percent and 107 percent.
In Q2 2019 France remained the largest LNG importer, with a quarterly volume of 7 bcm, followed by Spain (5.6 bcm) and the United Kingdom (4.9 bcm).
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