HomeMagazine2019October 2019, Vol. 246, No. 10In a Twist, LNG Takes NatGas Market Share in Europe

October 2019, Vol. 246, No. 10

Global News

In a Twist, LNG Takes NatGas Market Share in Europe

Europe’s two biggest suppliers of pipeline gas lost market share for the first time in at least four years as LNG imports into the region tripled between October and August. Norway’s Equinor and Russia’s Gazprom both lost market share LNG imports tripled during the 10-month period reported by Refinitiv, providing the latest example of how LNG is transforming Europe’s gas market. The growth in European LNG imports was stoked by lower-than-expected spot LNG demand Asia, pressuring Europe’s gas prices to 10-year lows. The share of LNG in gas supplied to western and central Europe increased to 14% between October 2018 and August 2019 from 5% in the same period of 2017-18. The share of Norw

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