Spanish LNG imports, reloads down in February

Spanish liquefied natural gas (LNG) imports and reloads decreased in February compared to the same month last year, according to Enagas.

LNG imports decreased by 14.3 percent to about 18.4 TWh in February and accounted for 67.8 percent of the total gas imports. In January, LNG imports reached some 20 TWh.

Including pipeline imports from Algeria, France, and Portugal, gas imports to Spain reached about 31.5 TWh last month, a slight drop from some 31.8 TWh in February last year, Enagas said in its monthly report.

Moreover, national gas demand in February decreased by 17 percent year-on-year to some 27.8 TWh.

Demand for power generation dipped by 50.5 percent year-on-year to about 4.45 TWh last month, while conventional demand decreased by 4.7 percent to 23.3 TWh, the LNG terminal operator said.

Storage facilities were were 79 percent full in February, compared to 81 percent in the same month last year, according to Enagas.

Enagas operates a large network of gas pipelines and has four LNG import plants in Barcelona, Huelva, Cartagena, and Gijon.

It also owns 50 percent of the BBG regasification plant in Bilbao and 72.5 percent of the Sagunto plant, while Reganosa operates the Mugardos plant.

In August last year, Spanish power group Endesa delivered the first commercial cargo to the El Musel LNG terminal in Gijon.

Enagas awarded the logistics services contract to Endesa in July and it also completed the sale of a 25 percent stake in the El Musel LNG terminal to Reganosa.

US and Russia biggest LNG suppliers

The seven operational Spanish LNG regasification terminals, unloaded 27 cargoes last month, up by six cargoes compared to February last year, the data shows.

The US was the biggest LNG supplier to Spain in February with about 8 TWh, up from 7.2 TWh last year, followed by Russia with 5.3 TWh, a slight decrease from 5.4 TWh last year.

US was the biggest LNG supplier to Spain January as well while Russia was the biggest LNG supplier in December. Prior to that, US was the biggest supplier to Spain in October and November.

Besides the US and Russia, Spanish LNG terminals also received 5 TWh from Nigeria in February, up from 2.7 TWh in the same month last year, and also 0.92 TWh from Norway, 0.87 TWh from Qatar, and 0.49 TWh from Algeria.

LNG reloads drop

Spanish LNG terminals loaded about 1.07 TWh in February, down 31 percent compared to some 1.5 TWh in February 2023 and slightly up from 0.92 TWh in January.

The Sagunto LNG terminal reloaded about 0.79 TWh of LNG, followed by the Barcelona terminal with about 0.22 TWh.

Moreover, the number of truck loads at the LNG terminals rose by 10 percent year-on-year to 1078.

The Huelva LNG terminal completed 215 truck loads in February, while the Cartagena terminal completed 211 truck loads and the Barcelona terminal completed 210 truck loads.

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