Bloomberg has learned about the continued decline in LNG supplies to Europe

Imports of liquefied natural gas (LNG) to Europe declined for the second month in a row, while shipments to Asian countries increased. The Bloomberg news agency writes about this on May 18.

"We are currently seeing an increase in ship redirects towards Asia, primarily driven by strong demand in South Asian countries," Ronald Pinto, a leading analyst at Kpler, told the publication.

At the same time, LNG shipments to Europe continued to fall in the first two weeks of May. According to the estimates of the analytical company Kpler, by the end of May, imports to the region may decrease by more than 1% year-on-year after a seven percent decline in April.

With spot shipments to China and other Asian countries on the rise, Europe is facing increasing competition, Bloomberg notes. She may have to pay more in the coming months, when demand for electricity in tropical Asian countries will only increase due to the heat, the article says.

Seasonal maintenance work at some European regasification terminals has also had a negative impact on regional LNG imports, Pinto added.

The world is facing the largest oil and gas supply disruptions in history amid restrictions on shipping in the Strait of Hormuz due to the Middle East conflict. The crisis is most acutely felt in Europe and Asia, where prolonged supply disruptions are predicted.

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Russian Foreign Minister Sergei Lavrov said on May 13 that US policy was leading Europe into a deep energy and food crisis. According to him, the United States is forcing European countries to abandon cheap Russian energy resources and switch to purchasing more expensive American LNG.