Energy Outlook 2021

Europe continued to see strong growth in LNG imports through until the end of May. Since then though, volumes have come under pressure as a result of cancellations, while more recently given the premium that the Asian market is trading at to Europe, any spot cargoes will likely make their way to Asia rather than Europe. However, over the first 11 months of 2020, imports total a little over 82mt, up 2% YoY, according to IHS Markit data. Source: ING