Europe may have passed peak LNG consumption as imports drop

The continent’s liquefied natural gas terminals saw demand drop by 20% year-on-year, with average utilisation falling 50% in the Q1 2024, while imports from Russia grew.  The data may indicate that an overall decline in the liquefied natural gas [LNG] market is emerging in Europe, raising serious questions about the role of extensive infrastructure built … Continue reading Europe may have passed peak LNG consumption as imports drop