Spanish LNG imports plunge to new low in August

Spanish LNG imports in August fell to the lowest level since at least 2004 as pipeline gas imports increased, new figures from Spanish gas transmission system operator Enagas and Spanish state oil and gas stocks agency CORES showed.

Spain imported 36% less LNG year on year during August and 33% less month on month, due to a combination of falling oil prices increasing the cost-effectiveness of pipeline gas imports and improved flexibility in shippers’ long-term LNG contracts.

ICIS examines the above factors in depth, and takes a look at how supply-side issues in Nigeria and Algeria contributed to the Spanish LNG crunch.

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