LNG Russian deliveries to Europe achieved a record in February leading the path among other suppliers. Novatek-led Yamal LNG project delivered 19 cargoes reaching 1.41 million tons to Europe, Reuters states.
These volumes reached the highest since the project was launched in December 2017; That results to Russia being the top supplier to the European LNG import terminal.
Mainly, the increase in European deliveries was bound to a lower demand and prices in Asia.
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Therefore, there were no Yamal LNG cargoes sailing to Asia since May 2018.
On the contrary, February’s US deliveries of LNG to Europe reached the lowest point since November with nine cargoes unloading at the European import facilities, reaching an overall of 0.64 million tons.
In the meantime,Qatar is a regular supplier with 18-19 cargoes monthly, since October with 18 arriving to Europe in February, totaling 1.33 million tons.
This was five cargoes up in comparison to the same time in 2018.
Concluding, other notable suppliers to Europe were Nigeria with 16, and Algeria with 18 cargoes.