EIA: US remained the largest LNG supplier to Europe in 2023

2023 marked the third consecutive year in which the US supplied more LNG to Europe than any other country: 27%, or 2.4 billion ft³/d, of total European LNG imports in 2021; 44% (6.5 billion ft³/d) in 2022; and 48% (7.1 billion ft³/d) in 2023.

Qatar and Russia remained the second- and third-largest LNG suppliers to Europe last year. Qatar supplied 14% (2.0 billion ft³/d), and Russia supplied 13% (1.8 billion ft³/d). Combined, the US, Qatar, and Russia supplied three-quarters of Europe’s LNG imports in 2022 and 2023.

Europe’s LNG import, or regasification, capacity is on track to expand to 29.3 billion ft³/d in 2024, an increase of more than one-third compared with 2021, according to data from the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press. Russia's full-scale invasion of Ukraine in February 2022 prompted European countries to halt most imports of natural gas from Russia via pipeline and reactivate development of previously dormant regasification projects as well as develop new projects. Germany is adding the most LNG regasification capacity in Europe: developers added 1.8 billion ft³/d in 2023 and plan to add 1.6 billion ft³/d in 2024. In 2022 and 2023, the Netherlands, Spain, Italy, Finland, and France increased their regasification capacity by a combined 3.2 billion ft³/d. In 2024, the EIA expects Belgium, Greece, Poland, the Netherlands, and Cyprus to add a combined 1.8 billion ft³/d of new capacity.

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