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For the first time in history, the European Union imported more liquefied herbarium fuel (LNG) from the United States in June than fuel from a Russian pipeline, while Moscow cut off Europe’s source earlier this month, Fatih Birol, executive director of the International Energy Agency (IEA), said on Thursday.
“Russia’s recent sharp cuts in herbal fuel flows to the EU mean that this is the first month in history that the EU has imported more LNG fuel from the US. “A Russian gas pipeline,” Birol tweeted today, sharing an IEA analysis.
“The drop in the Russian source demands efforts from the EU to prepare for a complicated winter,” the head of the Paris-based firm added.
Russia’s significantly smaller source since mid-June and Nord Stream’s upcoming annual maintenance that will completely halt deliveries of the pipeline for two weeks in July have left Europe struggling to fill fuel storage sites at good enough levels before winter.
The EU has imported record volumes of LNG from the US. In recent months, analysts say LNG imports alone cannot upgrade the Russian pipeline.
The European Union and the UK recorded a record point of LNG imports in April, as higher spot costs in Europe compared to Asia attracted suppliers with destination flexibility to ship LNG to Europe. EIA said earlier this month.
Despite record U. S. LNG inflow, it is not possible to do so. In the U. S. and other countries, Europe still faces supply problems this winter if it takes steps to save energy, according to analysts and the IEA.
Europe faces a “red alert” for fuel next winter, Birol said in early June.
“Recent disruptions in the supply of herbal fuel, in addition to Russia, which has drastically reduced flows to EU countries, are expected to take around 35 billion cubic metres of fuel off the market this year, which will pose wonderful demanding situations for garage recharging efforts. This is a red red flag for the EU for next winter, Birol tweeted in mid-June.
By Tsvetana Paraskova for Oilprice. com
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