Gas Processing News

Europe’s LNG imports expected to soar in 2020 After a record influx of LNG into Europe in 2019, the region is on track to raise imports to nearly 100 metric MMtpy. With LNG demand falling in Japan and South Korea and rising more slowly than previously expected in China last year, Europe has become the major destination for cargoes unwanted in Asia. Analysts expect that from a record of around 85 metric MMt of LNG delivered to Europe last year, the region will increase its purchases by more than 10 metric MMt in 2020. Uncommitted cargoes will largely end up in northwest Europe, a region that plays a key balancing role in periods of oversupply. The excess will average 78 cargoes this year,