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Spain's LNG imports to the US are on the rise, representing 35% of total gas supply

Data released on Friday showed that imports of US LNG accounted for 35% of Spain’s total gas imports during the first four month of this year, up from just under 20% one year earlier. Meanwhile, imports of Russian Liquefied Natural Gas (LNG) declined.

Since the Russian invasion of Ukraine, Europe has imported more superchilled gas from the U.S.

According to Enagas, the Spanish gas grid operator, in the first four month of this year, Spain imported 45,932 GWh of gas equivalent from the U.S. This compares with 24,885GWh one year ago.

The U.S. is now the primary gas supplier for Spain. This replaces Algeria, which primarily supplies liquefied natural gas to Spain and pumps it directly through pipelines.

Enagas reported that the overall Spanish gas demand fell by 3%.

The U.S. gas liquefied also replaced the gas liquefied sent from Russia. In the first four month of this year, the share of Russian gas in Spain's total gas imports fell from 22.4% to 13.3%. (Reporting and editing by Inti landauro, Louise Heavens and Joao Manuel Mauicio from Gdansk)

(source: Reuters)