# Analysis: Greece sees LNG imports drop in Q1 as Azeri pipeline flows begin | S&P Global

> Greece's LNG imports fell by more than half in Q1 2021 to 0.36 Bcm, as pipeline gas from the Southern Gas Corridor began and high spot LNG prices pulled cargoes to Asia. JKM was assessed at $7.44/MMBtu on April 12, and no US cargoes reached Greece.

- Date: 2021-04-13 · published 2021-04-13T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47786-analysis-greece-sees-lng-imports-drop-in-q1-as-azeri-pipeline-flows-begin-s-and
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cargo diversion to Asia and pipeline substitution show how regional LNG flows shift with price, tightening Asian gas supply and supporting energy costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-12-02 | [US LNG exports hit record highs as global gas crunch persists \| S&P Global](https://feedsoft.ai/events/43793-us-lng-exports-hit-record-highs-as-global-gas-crunch-persists-s-and-p-global.md) | -11.2% | -13.9% |
| NATGAS | 2016-06-01 | [Price favours Canadian gas flows into western US \| Global Gas Analytics](https://feedsoft.ai/events/7637-price-favours-canadian-gas-flows-into-western-us-global-gas-analytics.md) | +8.8% | +31.8% |
| NATGAS | 2022-02-01 | [Gas gap in Europe drives U.S. LNG exports to record high](https://feedsoft.ai/events/43318-gas-gap-in-europe-drives-u-s-lng-exports-to-record-high.md) | -16.7% | -14.2% |
| NATGAS | 2022-03-01 | [U.S. supplies give China muscle to become major force in global LNG trade](https://feedsoft.ai/events/42887-u-s-supplies-give-china-muscle-to-become-major-force-in-global-lng-trade.md) | +10.2% | +24.4% |
| NATGAS | 2021-12-30 | [Commodities 2022: US LNG exports look to test South Central's natural gas inventory \| S&P Global](https://feedsoft.ai/events/43790-commodities-2022-us-lng-exports-look-to-test-south-central-s-natural-gas.md) | +3.6% | +42.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/041321-analysis-greece-sees-lng-imports-drop-in-q1-as-azeri-pipeline-flows-begin

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.