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Europe’s LNG Import Deluge Spurs Spanish Oversupply Warning

  • Enagas warns of potential network limitations to November
  • Record LNG shipments to Europe running into supply bottlenecks

So much liquefied natural gas is flowing into Europe that the region’s import facilities are struggling to keep up with the incoming tankers, according to Spain’s gas network operator.

Enagas SA may limit the number of cargoes its LNG system handles until the first week of November as a “significant” reduction in industrial demand since August and high storage levels left it little room to absorb excess imports, it said in a statement. “This situation is not an isolated event in the Spanish gas system, it’s also taking place in other countries around us,” Enagas said, without being more specific.