Portugal’s demand drop leaves little room for US LNG
Portugal's Sines terminal received a US LNG cargo in April. (APS)
Portugal was the first European country to receive a cargo of LNG from the United States in April, but North American exporters should not count on the country to absorb much more in the way of future volumes.
Portugal’s Atlantic coastline puts it in a good position to receive LNG from plants in the US, but fewer options to reload cargoes globally and weak connections with the rest of Europe are likely to remain major hurdles.