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| Country | Import volume, in billion cubic meters |
|---|---|
 United States of America | 37.40 |
 Qatar | 20.56 |
 Russia | 16.72 |
 Algeria | 13.62 |
 Nigeria | 9.11 |
 Egypt | 3.05 |
 Angola | 3.02 |
 Trinidad and Tobago | 2.53 |
 Norway | 2.03 |
- Region: European Union
- Time period: 2022
- Published: 2024
Data Analysis and Insights
U.S. leads in LNG supply to EU-27
The United States is the top supplier of Liquified Natural Gas (LNG) to the EU-27, with an import volume of 37.40 billion cubic meters. This indicates a significant reliance on U.S. LNG, showcasing the strategic energy partnership between the EU and the United States.Qatar and Russia as major suppliers
Following the U.S., Qatar and Russia hold strong positions as major LNG suppliers to the EU-27, with import volumes of 20.56 and 16.72 billion cubic meters respectively. These figures underline the diverse sources of LNG imports, ensuring the EU's energy security and supply stability.Algeria and Nigeria's contribution
Algeria and Nigeria also play crucial roles in the EU's LNG import market, contributing 13.62 and 9.11 billion cubic meters, respectively. Their contributions highlight the importance of African countries in the EU's LNG supply chain.Minor suppliers add to the diversity
Countries like Egypt, Angola, Trinidad and Tobago, and Norway contribute smaller, yet significant volumes, ranging from 2.03 to 3.05 billion cubic meters. These figures showcase the diverse portfolio of LNG sources for the EU, enhancing supply security.Russia's LNG imports amidst geopolitical tensions
With 16.72 billion cubic meters of LNG imported from Russia, the data reflects the complex energy ties between the EU and Russia, especially considering the geopolitical tensions. This volume underscores the ongoing reliance on Russian energy, despite efforts to diversify energy sources.The significant gap between top and bottom suppliers
The gap in LNG import volumes between the top supplier (U.S. with 37.40 billion cubic meters) and the smallest supplier (Norway with 2.03 billion cubic meters) highlights the concentration of supply sources and the potential vulnerability in the EU's energy supply chain.Potential for market shifts and diversification
The data points to a dynamic LNG market within the EU-27, with the potential for shifts in supply dynamics and further diversification. Continuous monitoring of these volumes is essential for understanding future energy security and supply resilience.Frequently Asked Questions
Who is the top supplier of Liquified Natural Gas (LNG) to the EU-27?
The United States is the top supplier of LNG to the EU-27, with an import volume of 37.40 billion cubic meters.
Terms and Definitions
LNG, or Liquefied Natural Gas, is natural gas (predominantly methane, CH4) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state. This allows it to be transported over long distances where pipelines may not be feasible.
Import volume refers to the quantity or amount of a particular good or product that is brought into a country from foreign countries for the purpose of trade or commerce. In the context of this article, it refers to the quantity of Liquefied Natural Gas (LNG) that EU-27 nations import.
The supplying country refers to the country that is providing or exporting a certain good or product to another country. In the context of this article, the supplying country would be the country that exports Liquefied Natural Gas (LNG) to the EU-27 nations.
Energy security is the association between national security and the availability of natural resources for energy consumption. It includes the accessibility to sufficient energy sources at reasonable prices. For EU-27, LNG import volume from different supplying countries can contribute to their energy security.
LNG Carrier is a tank ship designed for transporting liquefied natural gas (LNG) across the oceans. It has special insulation to keep the LNG cold enough to remain a liquid during the voyage.
Regasification is the process of converting the liquefied natural gas (LNG) back into its gaseous state. This process occurs in a regasification terminal once the LNG has arrived at its destination and before it is piped to end users.
An LNG terminal is a facility where natural gas is received and processed to remove impurities before it is liquefied at a very low temperature and stored to be later used for heating or to generate electricity. It also has facilities for regasification.
The gas market refers to the buying and selling of natural gas, including its derivatives such as LNG. It includes both the physical transactions (direct delivery of natural gas via pipelines or LNG tankers) and financial transactions (futures contracts, swaps, and other financial instruments).
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