LNG inflows increased in Italy and Croatia during the week to 20 September, giving the two markets more imported gas as European traders assessed supply ahead of the winter withdrawal season.
Italy received 4,373.49 GWh of LNG, up 23.37% from the previous week. Croatian inflows reached 675.02 GWh, a 2.1% weekly increase. The two figures point to different scales of import activity, but both show higher receipts during the period.
Greece recorded 387.97 GWh of LNG inflows. The report describes that as a 9.3% decline against Week 36, rather than the immediately preceding Week 37. A matching-week comparison is needed before treating the Greek change as a week-on-week move.
Higher LNG receipts do not automatically mean higher gas-fired power generation. Italy’s gas-fired electricity output fell 10.86% during Week 38. Cargo arrivals, storage decisions, pipeline flows and power plant demand operate on different schedules.
For Southeast Europe, the significance of the LNG figures lies in access to supply through several entry points. The next test is how much of that gas is available to neighbouring markets, and at what delivered cost, when winter demand rises.
By Virtu.Energy
