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Image courtesy of Enagás
Ten-Year Network Development Plan 2017 Main Report |
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The re-export of LNG vessels significantly decreased the last year in Europe. The
evolution varies between countries and can be seen in figure 3.15
1)
. Depending on
the country, in 2015 between 57% (NL) and 8% (FR) of the LNG initially imported
was re-exported. Not shown in the graph, the UK has also become a small LNG
re-exporting country (only 2%) for the first time during 2015.
% of re-exported LNG per country compared to the total LNG initially imported, years 2014 & 2015
Year
BE
FR
NL
PT
ES
2014
54
9
45
20
33
2015
31
8
57
19
12
This demonstrates how the global LNG market functions and how the higher prices
in other regions, especially in Asia, have been attracting vessels despite the exist-
ence of European destination clauses.
1) According to GIIGNL data
0
30
20
10
40
50
60
TWh/y
BE
FR
NL
PT
ES
2011
2012
2013
2014
2015
Figure 3.15:
Split of European LNG re-exported (as energy source, not volume of fuel)
(Own depiction, based on data from GIIGNL)