The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.A total of
The world's imports of liquefied natural gas are set to jump to the highest in a year in January as Europe's winter demand draws cargoes away from top-consuming region Asia.
A total of 38.12 million metric tons of the super-chilled fuel is on track to be imported in January, up from 37.69 million in December and the most since January 2024's 38.73 million, according to data compiled by commodity analysts Kpler.
The January volume is also the third-highest on record, underscoring the strong growth in LNG imports as new supply comes online and as Europe seeks to replace pipeline natural gas from Russia.
Europe's imports are expected by Kpler to rise to 11.82 million tons in January, up from 10.87 million in December and the highest since April 2023.
The January volume for Europe is also on track to be the fourth-highest monthly total, eclipsed only by three months in 2022 and 2023 when the continent was scrabbling for gas after the shutdown of pipeline supplies from Russia in the wake of Moscow's invasion of Ukraine in February 2022.
It's also worth noting that while Europe's LNG imports are likely to rise 8.7% in January from the month before, arrivals
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