How Much Liquefied Natural Gas will Europe Import in 2011?
Table 1: Europe’s Liquefied Natural Gas Imports by Country 2008–2010 In mtpa
Country 2008 2009 Belgium 2.1 France 9.5 Greece 0.7 Italy
1.3
Portugal 2.0 Spain
Turkey 4.1 UK
0.8 Total 42.5 22.1
4.7 9.9 0.6 2.3 2.1
20.1 4.5 8.1
52.2
2010 4.6
10.5 0.9 6.7 2.2
20.5 5.9
14.2 65.5
2008 2.8
12.8 1.0 1.8 2.6
29.8 5.5 1.1
57.4
In bcma 2009 6.3
13.4 0.8 3.1 2.8
27.1 6.0
10.9 70.5
2010 6.2
14.2 1.2 9.0 3.0
27.7 7.9
19.1 88.4
Table 2: European Liquefied Natural Gas Imports by Country in the First Quarters of 2010 and 2011
20 In mtpa
Country 1Q10 Belgium 0.8 France Greece Italy
2.5 0.2 1.8
Portugal 0.4 Spain
Turkey UK
5.1 1.7 3.4
1Q11 1.2 3.0 0.3 1.7 0.5 5.0 1.4 5.5
Total 15.9 18.7
1Q10 1.1 3.4 0.3 2.4 0.6 6.9 2.3 4.6
21.5 In bcma
1Q11 1.7 4.1 0.3 2.4 0.7 6.8 1.9 7.4
25.2
Percentage Increase 48.0 19.8 25.5 -0.3 23.8 -2.2
-18.2 63.1 17.2
Spain and Italy registering marginal decreases and Turkey being the only country with a significant decline. If the trends in the first quarter were to continue for the rest of 2011, European imports would reach 76.8mtpa (104bcma) for the year as a whole. However, there are a number of uncertainties that could result in the growth slowing during the year.
5% 40 10%
Figure 1: Europe Liquefied Natural Gas Imports and Liquefied Natural Gas’ Percentage Share of Total Natural Gas Consumption 2000–2010
80 20%
60
15%
0 LNG imports LNG = liquefied natural gas.
First, there are potential weaknesses in the demand for LNG, especially in Spain, where the government has implemented a policy of subsidising power generators who use locally produced coal. This will probably reduce the sector’s consumption of natural gas, which has been one of the main reasons for the growth in Spanish LNG demand since 2000. In addition, in March, natural gas started to flow through the Medgaz pipeline, which links Algeria directly to Spain. As the flow builds up, it will probably displace imported LNG.
Percentage share (right-hand scale)
0%
Events Diary Continued from page 7 15–17 November
Global Health and Safety Summit Amsterdam, Netherlands
www.theenergyexchange.co.uk/3/13/ articles/
134.php
21–24 November
Oil and Gas Production Manager Show Asia
Kuala Lumpur, Malaysia
www.terrapinn.com/2011/
oil-and-gas-production-manager-show-asia 28–30 November
World Independent & Junior Oil and Gas Congress Asia Hong Kong
www.terrapinn.com/2011/world-independent- and-junior-oil-and-gas-asia/
index.stm
28–30 November
LNG Outlook Australasia 2011 Perth, Australia
www.terrapinn.com/2011/lng-outlook
29 November – 2 December Refining and Petrochemicals in Russia and the CIS Countries, 15th Annual Roundtable Geneva, Switzerland
www.wraconferences.com/2/4/articles/267.php 2012 28–29 February
Security Conference & Exhibition Houston Texas, US
www.npra.org/forms/meeting/MeetingForm Public/view?id=369DA000000E3
25–28 March
The Middle East Downstream Week, 13th Annual Meeting
Abu Dhabi, United Arab Emirates
www.wraconferences.com/2/4/ articles/
105.php
1–3 April The International
Petrochemical Conference San Antonio, Texas, US
www.npra.org/forms/meeting/MeetingForm Public/view?id=36C50000001B4
18–20 May
The 6th Annual Global Refining Summit 2012
Rotterdam, Netherlands
www.refiningsummit.com
HYDROCARBON WORLD – VOLUME 6 ISSUE 1
63
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