Daily Energy Report

Daily Energy Report

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Daily Energy Report
Daily Energy Report
Daily Energy Report

Daily Energy Report

EU gas imports, China oil inventory, Global power demand, Gas pricey for emerging economies, More oil/gas/coal demand, Sanctions turmoil, Trump oil/gas rhetoric, UK defies energy reality, and more.

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A F Alhajji
Feb 14, 2025
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Daily Energy Report
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February 14, 2025

There will be no Daily Energy Report on Monday as the markets are closed in observance of President’s Day.

Chart of the Day

EOA: EU’s Natural Gas Imports by Source in January 2025

A chart of different colored circles

AI-generated content may be incorrect.

Summary

Figure (1) shows EU gas imports by source. About 58.6% came via pipeline, while 41.4% were LNG imports. Norway is the largest exporter of gas to the EU at 31.8%, followed by Russia at 18.9%, the US at 18.2%, and Qatar at 14.9%.

In January, EU LNG imports hit a record high of 8.40 million tons, driven by heating demand, power plant needs, and halted Russian gas shipments via Ukraine. The increase in TTF prices led to the diversion of cargos from Asia to Europe. France led EU members with imports of 2.86 bcm, followed by Spain (2.2 bcm) and Italy (1.52 bcm). The US supplied 54% of EU LNG, with Russia at 19%, Qatar at 8%, and Nigeria at 8%. LNG made up 48.8% of EU gas imports, with pipeline gas at 51.2%. Norway was the top gas supplier at 29.4%, followed by the US at 26.2%, Russia at 15.5%, and Algeria at 13.3% as shown in Figure (1).

EOA’s Takeaways

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