Barcelona — Spanish shippers have increased their scheduled March LNG intake by 500,000 cu m, or 26%, compared with initial nominations, according to data published by gas grid operator Enagas.
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The country is set to receive 18 tankers, or 2.40 million cu m, of LNG, up from nominations a month ago of 14 tankers, or 1.90 million cu m.
The additional cargoes will be spread across the ports of Barcelona, Huelva, Sagunto and Mugardos.
As a result, LNG send-out in March will be 2.9 TWh, or 20%, higher at 17.2 TWh (1.55 Bcm) compared with nominations at the end of last month.
By contrast, pipeline flows were seen dropping 22% to 17.9 TWh, driven by a 24% fall in Algerian imports. The imports schedule at Tarifa has been reduced by 0.8 TWh to 3.0 TWh, while volume through Almeria has been revised down by 1.9 TWh to 5.3 TWh, according to the schedule.
Trade flows within Europe were also seen lower in March, as imports from France were scheduled to be down 1.1 TWh to 5.7 TWh and exports to Portugal down 670 GWh.
The demand forecast for March was revised slightly higher, by 0.2 TWh to 33.6 TWh, with storage withdrawals also increasing by 1.1 TWh compared with initial nominations.
As a result, natural gas stock inventories at the end of March were seen at 18.8 TWh or 57% full, while LNG stock inventories were seen at 10.4 TWh or 49% full, according to Enagas.
For April, Spanish shippers have nominated 2.5 million cu m aboard 18 vessels. That is 20%, or 421,000 cu m, higher than the amount delivered in April 2018 and also 6% higher than Enagas's initial forecast requirement.
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