Us Lng Accounts For Nearly A Third Of Spanish Gas Imports So Far This Year

in Freight News

12/03/2025

Imports of liquefied natural gas from the United States rose to 31.8% of Spain’s total gas imports in January and February from just over 27% a year ago, while imports of Russian LNG declined, data showed.

Europe is absorbing most U.S. LNG exports due to cold weather and strong prices.

In the first two months of the year, Spain imported the equivalent of 19,711 gigawatt-hours (GWh) of gas from the United States, compared with 17,454 GWh a year earlier, according to data from Spanish grid operator Enagas ENG.

That makes the U.S. the largest supplier of natural gas to Spain so far this year, ahead of Algeria.

With Spain’s overall gas demand declining almost 3%, the total import market share of gas from the U.S. increased.

Imports of Russian LNG declined roughly 38% in absolute terms. They also fell as a share of Spain’s total imported gas, down to 14% this year compared with 22% in 2024.

Source: Reuters