LNG imports to Europe have benefitted from weak demand in Asia, which has led to European gas prices dropping to 10-year lows, LNG imports tripling and filled storage reaching multi-year highs.
In terms of market share, gas supplied to western and central Europe in the form of LNG reportedly increased to 14% in the period October 2018 to August 2019, from 5% in 2017 – 2018. In the same period (2018 – 2019), Norwegian gas dropped from 38% to 33% (a multi-year low), and Gazprom’s share dropped from 33% to 32% (although the company’s total gas exports to Europe did in fact increase).
