European gas finishes 2023 on high note amid signs of improvement from industrial sector

In November 2023, the share of regasified LNG in the gas supply of the EU and UK stood at 37, representing an increase of 4% m-o-m. However, its share declined by 2% compared to November 2022. Meanwhile, the share of gas imports via pipelines declined by 3% m-o-m but rose by 4% y-o-y to stand at 48% The higher share of regasified LNG in the region’s gas supply was attributed to the stronger increase in LNG send-out compared to the increase in pipeline gas imports. Since 2022, there has been a shift from the reliance on PNG imports to LNG […]