December 12

Spanish LNG imports, reloads decrease in November

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Spanish LNG imports

LNG imports decreased by 25 percent year-on-year to 17.1 TWh in November and accounted for 61 percent of the total gas imports.

Previously, Spanish LNG imports decreased by 34.3 percent year-on-year to 21.8 TWh in October and decreased by 26 percent year-on-year to 14.2 TWh in September.

Spanish LNG imports dropped by 41 percent year-on-year to 13.2 TWh in August.

Including pipeline imports from Algeria (9.97 TWh), France, and Portugal, gas imports to Spain reached about 29.8 TWh last month, a drop from 34.5 TWh in November last year, according to the monthly report by Enagas.

Moreover, national gas demand in November rose by 12.7 percent year-on-year to 29.4 TWh.

Demand for power generation jumped by 35.6 percent year-on-year to 8.3 TWh last month, while conventional demand increased by 5.7 percent to 21.1 TWh, the LNG terminal operator said.

Storage facilities were 93 percent full in November, compared to 96 percent in the same month last year and 100 percent in the prior month.

Enagas operates a large network of gas pipelines in Spain and has three wholly-owned LNG import plants in Barcelona, Huelva, and Cartagena.

It also owns 75 percent of the Musel LNG facility, 50 percent of the BBG regasification plant in Bilbao, and 72.5 percent of the Sagunto plant, while Reganosa operates the Mugardos plant.

In August last year, Spanish power group Endesa delivered the first commercial cargo to the El Musel LNG terminal in Gijon.

Endesa completed the first reloading operation at the facility in April of this year.

There were no ship unloading or loading operations at the facility during November.

The seven operational Spanish LNG regasification terminals unloaded 18 cargoes last month, down by seven cargoes compared to November last year.

Russia was the biggest LNG supplier to Spain in November with 6.4 TWh, nearly flat compared to last year, and the country was followed by Algeria with 3.72 TWh, and the US with 3.2 TWh, substantially down from 12.7 TWh last year.

During November, Spain also received 2.08 TWh from Nigeria, down from 3.7 TWh in November 2023, 1.72 TWh from Qatar, and 1.02 TWh from Angola.

Russia and Algeria were Spain’s leading LNG suppliers in October, and the US and Russia were the biggest LNG suppliers to Spain in September.

Also, Russia was the biggest LNG supplier to Spain in April, May, June, July, and August, while the US was the biggest supplier in January and February.

Spanish LNG terminals loaded 1.57 TWh in November, down by 28 percent year-on-year.

Reloads rose compared to 0.42 TWh in October, 0.67 TWh in September, and 0.35 TWh in August, the lowest monthly figure this year, but were down compared to 2.49 TWh in July, the highest monthly figure this year.

The LNG terminals loaded 1.81 TWh in June, 1.19 TWh in May, 0.45 TWh in April, 0.56 TWh in March, 1.07 TWh in February, and 0.92 TWh in January.

During November, the Huelva terminal reloaded 1.26 TWh, and the Barcelona terminal reloaded 0.3 TWh.

Enagas said 70.9 percent of the loaded volumes landed in non-EU countries, while 15.9 percent of the volumes were used for bunkering and the rest landed in Europe.

During January-November, 53 percent of the loaded volumes landed in non-EU countries, 27.8 percent of the volumes landed in Europe, and 18.9 percent of the volumes were used for bunkering.

Moreover, truck loading operations at the LNG terminals rose 2.1 percent in November year-on-year to 1041.

The Barcelona LNG terminal completed 214 truck loads in November, while the Cartagena terminal completed 200 truck loads, and the Sagunto terminal completed 189 truck loads, the data shows.

Source: Lngprime.com

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