Europe's LNG Imports Fall for 2nd Month as Iran War Diverts Flows to Asia
Updated
Updated · Bloomberg · May 18
Europe's LNG Imports Fall for 2nd Month as Iran War Diverts Flows to Asia
4 articles · Updated · Bloomberg · May 18
Europe’s LNG imports are on track to drop more than 1% year on year in May, extending a decline that began in April.
Kpler estimates follow shiptracking data from the first two weeks of May, which showed fewer cargoes arriving in Europe as the Iran war disrupted trade flows.
April imports had already fallen 7%, and the latest pattern suggests Asia is drawing in more LNG shipments that might otherwise have gone to Europe.
A second straight monthly decline points to a tighter competition for LNG between Europe and Asia as the conflict reshapes global gas movements.
Will the shutdown of Qatar's LNG hub permanently redraw the global energy map, creating new winners and losers?
As war diverts vital gas to Asia, can Europe’s leaders prevent a catastrophic winter energy crisis?
With the Strait of Hormuz shut, can a rare US-China consensus succeed in restoring the flow of global energy?