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Spain's natural gas import structure in September: liquefied natural gas accounts for nearly 60%

Spain's natural gas import structure in September: liquefied natural gas accounts for nearly 60%

智通财经智通财经2026/10/09 14:06
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According to data from Spain's Natural Gas System Technical Management Agency, about 59.1% of natural gas imports in September were liquefied natural gas. The remaining approximately 40.9% was transported via pipeline. The total natural gas imports for the month reached around 27,900 GWh, compared to about 27,600 GWh in the same period last year, reflecting a slight year-on-year increase. The import structure shows that liquefied natural gas is dominant, while pipeline gas accounts for a relatively lower proportion. At the market level, European storage levels and the pace of liquefied natural gas arrivals continue to be the main variables affecting gas prices. Moving forward, attention should be paid to changes in natural gas demand and inventory levels in Spain and across Europe as a whole.

⑴ Data from Spain's natural gas system technical management agency shows that in September, approximately 59.1% of imported natural gas was liquefied natural gas (LNG). ⑵ The remaining approximately 40.9% was delivered via pipeline. ⑶ During the month, natural gas imports amounted to about 27,900 GWh, compared to about 27,600 GWh in the same period last year, representing a slight year-on-year increase. ⑷ The import structure indicates that LNG is dominant, while the share of pipeline gas is relatively low. ⑸ On the market side, Europe's gas storage levels and the pace of LNG arrivals remain the main variables affecting gas prices. ⑹ Going forward, attention should be paid to changes in natural gas demand and inventories in Spain and Europe as a whole.
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