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Norway accounts for 54% of pipeline imports to Europe. Algeria accounts for 20% of European pipeline imports. Norway and Russia’s imports to Europe decline during the first 9 months of 2023. Europe’s imports of liquefied gas decline in September for the third month.
Europe’s imports of natural gas via pipelines are still declining since most Russian supplies were cut off from the continent after the Ukrainian war.
A recent report – a copy of which was obtained by the Energy Research Unit – showed a decline in European gas imports via pipelines to 115 billion cubic meters during the first 9 months of 2023, a decline of 29% from the same period in 2022, during which it recorded 161 billion cubic meters. .
The monthly report issued by the forum revealed Gas exporting countriesreported a decline in Europe’s imports of natural gas via pipelines to 10.8 billion cubic meters last September, declining by 19% on a monthly basis, and 21% on an annual basis, which is partly due to the unplanned interruption in Norway to conduct business. Maintenance in gas fields.
Norway has become the largest exporter of natural gas via pipelines to Europe since the cut off of Russian gas from the continent, while the United States has become the largest exporter of liquefied gas to the continent, according to what the Energy Research Unit periodically monitors.
Europe’s imports from the Big 5
Norway’s imports accounted for the largest share of Europe’s natural gas imports, equivalent to 54%, from the beginning of the year until the end of September 2023, followed by Algeria, with 20%, in second place.
As for Russia, whose supplies have been cut off via the Nord Stream pipeline since last year (2022); It still accounts for 17% of exports to Europe via pipelines.
The following graphic – prepared by the Energy Research Unit – shows European gas imports via pipelines in the first quarter between 2019 and 2023:
The European Union has not imposed any sanctions on Russian gas imports via pipelines so far, despite the interruption of its supplies through the main Nord Stream pipeline after unknown explosions.
Europe’s imports of Russian natural gas decreased by 66% to 19 billion cubic meters during the nine months ending September 2023, compared to 56 billion cubic meters during the same period in 2022.
Europe’s imports of Norwegian natural gas also decreased by about 13% to 62 billion cubic meters during the nine months ending September 2023, compared to 72 billion cubic meters during the same period in 2022.
Europe’s imports of Algerian gas via pipelines stabilized at 23 billion cubic meters in the first 9 months of 2023, unchanged from the same period in 2022, and compared to 26 billion and 12 billion cubic meters in 2021 and 2020, respectively.
While the quantities imported from Azerbaijan and Libya remained almost unchanged from their levels during the first three quarters of 2023, according to detailed data monitored by the Energy Research Unit.
Europe’s gas imports monthly
The average monthly pipeline gas imports from Norway decreased to 6.9 billion cubic meters from the beginning of 2023 until last September, compared to its monthly level of 8 billion cubic meters in 2022, and 7.2 billion cubic meters in the years from 2019 to 2021.
While Europe’s average monthly imports of Algerian gas reached 2.4 billion cubic meters during the period from January 2023 to last September.
Average monthly imports from Russia decreased by 2.1 billion cubic meters in 2023, compared to an average of 6.3 billion cubic meters in 2022, and 12.2 billion cubic meters in the years from 2019 to 2021.
Most of Norwegian supplies enter Europe through a network of 22 individual pipelines extending over more than 8,800 kilometers, according to a report published by Reuters and reviewed by the Energy Research Unit.
European LNG imports decline
The decline in Europe’s pipeline gas imports coincides with a decline in its purchases of liquefied natural gas, which is mostly transported by ships and marine tankers.
Total European imports of liquefied natural gas decreased by 22%, or the equivalent of 2.1 million tons (2.8 billion cubic meters), during last September, bringing the total to 7.59 million tons (10.3 billion cubic metres), which is the third monthly decline in a row, and the lowest. Level since November 2021.
The main reason for the decline in Europe’s imports of liquefied gas over the past month is due to the high levels of underground gas storage and the decline in demand on the continent with the widening gap in spot prices between European and Asian pricing centres, according to a report by the Gas Exporting Countries Forum.
Another aspect of the data showed a growth in Europe’s cumulative imports of liquefied gas by 2.4% on an annual basis to 92.55 million tons (125.9 billion cubic metres) during the first 9 months of 2023.
Europe’s imports of liquefied gas exceeded pipelines for the first time in its history last year (2022), with the continent accelerating in providing alternatives to the huge Russian gas cut off via the Nord Stream pipeline after the Ukrainian war.
European liquefied gas imports reached 170.2 billion cubic meters in 2022, compared to 150.8 billion cubic meters via pipelines, according to the annual statistical review issued by the British Energy Institute.
The following graphic – prepared by the Energy Research Unit – shows the movement of European imports of liquefied gas and pipelines over 22 years:
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2023-10-20 18:43:52
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