Spain 2019 Gas Imports: Algerian Volumes Slump Amid Cheap And Abundant LNG

*Spanish gas imports hit an 11-year high 37.3bcm for 2019, up 7% on the back of increased LNG volumes from the US, Qatar and Russia.

*With abundant supplies of LNG on world markets, Spain for the first time since 2012 took more LNG than piped (mainly Algerian) volumes. LNG’s share of overall imports surged to 58% in 2019 (see chart 1). (CONTINUED - 362 WORDS)