Interactive: European LNG imports tracker

The sharp fall in Russian pipeline gas supplies to Europe through 2022 and the EU’s decision to diversify its gas imports away from Russia has prompted a major increase in European LNG imports and a large-scale expansion of LNG regasification capacity.

The EU, UK and Turkey saw a combined 60% year-on-year increase in imports in 2022 and intake kept pace in 2023, with some 125.5 million mt (173 Bcm) of LNG delivered last year, marginally lower than the 127.6 million mt in 2022, S&P Global Commodity Insights data showed.

The expansion of Europe’s import capacity is also set to continue, with more floating capacity additions expected in Germany in 2024 and Greece having taken the first LNG into its new Alexandroupolis FSRU in February.

While US dominance over European LNG imports endures, Russia and Qatar are both still key supply sources, and Algerian LNG exports to Europe rose by some 22% year-on-year in 2023.