Page 191 - RusRPTAug24

On March 31, 2024—the last day of the heating season—Europe’s natural gas storage levels were 83% above the previous 13-year (2011–23) average for the same day. From January through June 2024, Europe’s storage inventories remained at all-time highs, closely tracking last year’s storage levels.
Europe’s natural gas pipeline receipts from Russia declined by 58% (6.3 Bcf/d) in 2022 and 89% (9.7 Bcf/d) in 2023, compared with the 2021 annual average. Europe has primarily used liquefied natural gas (LNG) imports to offset reduced imports from Russia. In 2023, LNG imports into EU-27 and the UK averaged 14.5 Bcf/d, remaining essentially unchanged from 2022, according to data by the International Group of Liquefied Natural Gas Importers (GIIGNL). The United States remained the largest LNG supplier to Europe for the third consecutive year in 2023, providing almost one-half of all its LNG imports. LNG import facilities were added in Germany in 2023, and Germany accounted for 5% of all EU-27 and UK imports. Most—83%—of 2023 LNG imports into Germany were supplied by the United States.
191 RUSSIA Country Report August 2024 www.intellinews.com