U.S. LNG Wins Big As Europe Boosts Overseas Gas Imports

The early winter cold snaps prompted Europe to boost its liquefied natural gas imports to a near one-year high in December, with arrivals of American LNG also at their highest since January 2024. Following two consecutive milder winters, Europe now sees the first proper winter since the 2022 energy crisis and is depleting its natural gas in storage at the fastest pace in seven years. The end of the Russian pipeline gas flows to Europe via Ukraine has also stoked uneasiness in the European gas market, and buyers have been boosting LNG purchases…