Big fall in NW Europe LNG volumes

As oversupply in the LNG market eases and prices recover, there has been a sharp decline in LNG deliveries into NW Europe. The charts show the fall in UK & French LNG sendout volumes since May 2020. Regas terminal send out volumes in these two countries are an important barometer of the volumes of surplus cargoes that are being monetised at NW European hubs. Keep an eye on these terminals into winter as an indicator of the LNG market supply & demand balance.