LNG market update
Published by Sara Simper,
Editorial Assistant
World Pipelines,
As of 28 May, EU27 storage levels were higher at around 77.37 billion m3, equivalent to 769 TWh, meaning they are approximately 68% full. In terms of pipeline supplies into Europe, Norwegian piped gas volumes increased to 213 million m3/d on 30 May, up 2.2% on the week, following planned maintenance at some fields in Kaarsto and Visund.
However, ongoing and upcoming maintenance is planned at Aasta Hansteen, Dvalin, Kaarsto, Kollsnes, Ormen Lange, Oseberg, and Troll, which will put some pressure on aggregate supply from Norway to Europe. An unplanned outage at Norne due to processing problems is impacting 6.5 million m3/d of capacity and has an uncertain duration.
Separately, gas pipeline flows from Russia into Europe totalled approximately 63 million m3/d as of 28 May, down 5% week-on-week. Regarding liquefaction facilities, compressor failure took Norway’s 4.2 million tpy Hammerfest LNG Snohvit terminal offline for unplanned maintenance on 4 May. The facility restarted on 27 May, marginally later than its initial expected restart date of 19 May.
Read the article online at: https://www.worldpipelines.com/special-reports/02062023/lng-market-update/
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