Spain Gets Spot LNG Cargo Reloaded From Netherlands at Sagunto

Spain received at Sagunto a spot cargo of liquefied natural gas loaded out of storage from the Netherlands, ship-tracking data show.

The Cadiz Knutsen, with a capacity of about 135,000 cubic meters, docked at the SAGGAS Planta de Regasificacion de Sagunto-owned terminal in eastern Spain on Dec. 31, according to ship transmissions captured by IHS Fairplay on Bloomberg. The vessel loaded the supercooled gas from the Gate LNG terminal on the Netherlands’ west coast and departed Dec. 25.

Holland doesn’t produce LNG. The Gate facility, operated by Royal Vopak NV (VPK), can receive, store and reload gas cargoes.

There is a “demand surge” for natural gas in Europe at the start of 2014 due to cold weather, New York-based Energy Intelligence Group said on the website of its World Gas Intelligence publication today.

“Spanish power demand is expected to rocket this month on below-normal temperatures at a time when Spain has seen lower LNG shipments from Algeria and weak flows of piped imports from France, prompting a number of utilities to eye spot shipments,” the research company said.

Spain was Europe’s largest importer of LNG in 2012, according to the latest annual data from the International Group of Liquefied Natural Gas Importers.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net

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