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Investing.com -- The United States has become the main supplier of liquefied natural gas (LNG) to Spain, with imports rising to 35% of Spain’s total gas imports in the first four months of this year. The increase is significant, up from just over 20% during the same period a year ago. This shift has seen a corresponding decline in imports of Russian LNG, according to data released on Friday.
From January to April, Spain imported an equivalent of 45,932 gigawatt-hours (GWh) of gas from the U.S., a substantial increase compared to 24,885 GWh imported a year earlier. This data was provided by Enagas (BME:ENAG) ENAG.MC, the Spanish gas grid operator.
The U.S. has replaced Algeria as Spain’s primary gas supplier. Algeria previously supplied Spain with liquefied gas and also delivered gas directly through pipelines.
Despite the rise in U.S. imports, Spain’s overall gas demand declined by 3%, as reported by Enagas.
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