Aggregate Norwegian natural gas production edged up by a small 70 mcm (1%) y/y to 10.2 bcm in February. Unplanned outages hampered stronger flows during an exceptionally cold month.Total Norwegian pipeline flows to Europe averaged just above 0.33 bcm/d last month, up by about 20 mcm/d (7%) y/y. A..
LNG imports into Japan grew by 0.5 Mt y/y to 8.29 Mt in February, as sustained below-average temperatures in January and February supported higher power generation and gas use. We expected LNG imports to be strong, but February takes were still 0.3 Mt above our expectations.February saw a continu..
Predictions of a cold snap supported gas contracts last week, although prices were volatile on weather forecast volatility. Latest forecasts suggest that temperatures across Europe will climb over the next 10 days but remain below normal and well down y/y.Given cooler-than-normal weather for the..
South Korean LNG imports rose by a considerable 1.0 Mt (27%) y/y to 4.59 Mt in February, supported by another month of below-average temperatures and low stocks at the end of January. The imports were even stronger than we expected—our forecast was for imports to grow by 0.4 Mt y/y. The dif..
Below-average temperatures across Europe boosted res-com demand in February, driving strong y/y increases in gas consumption and supporting high stockdraws. In the UK, aggregate gas demand stepped up by 1.3 bcm (17%) y/y to 8.9 bcm, while total French gas demand rose by a strong 1.1 bcm (24%) y/y..