LNG Market Outlook: Europe LNG sendout remains low, may increase in spring
January 2021
LNG Market Outlook
European imports are forecast to be lower in 2021 than in 2020 as the region rebalances following two years of acting as a sink for excess LNG.
European imports have fallen further from December, averaging at around 4.5 MMt for the month as of January 25. Last January, the region imported 8.6 MMt, about 50% more than this year. This marks the continuation of an extremely weak winter as far as LNG imports go. At this level, regional imports are far below original expectations.
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