The EU increased the share of Russian gas in imports to 15% – Kommersant

The EU increased the share of Russian gas in imports to 15% – Kommersant

The European Union has replaced more than a tenth of Russian pipeline gas with Russian liquefied natural gas (LNG). This was reported by Reuters with reference to EU statistics, its calculations and Kpler data. The share of Russian gas in total imports increased to approximately 15%, while the share of pipeline gas decreased from 37% to 8.7% after the entry of Russian troops into Ukraine.

Reuters sources believe that the increase in supplies is partly due to discounts on Russian LNG. According to Kpler, in 2023 Russia supplied more than 15.6 million tons of Russian LNG to EU ports. This is slightly more than in 2022 and 37.7% more than in 2021.

Spain, which previously did not import Russian pipeline gas, has become the largest re-exporter of Russian supplies by sea. As Reuters notes, delivery data only shows the previous destination. Therefore, LNG, which is accepted in Belgium, France, Spain and the Netherlands, “loses its Russian labeling, which can discourage buyers,” before being sent through pipelines or loaded onto other ships.

European Commissioner for Energy Kadri Simson said in March that the European Commission intends to achieve a reduction in purchases of Russian LNG this year. Russian LNG supplies to the EU in 2023, according to Russian Deputy Prime Minister Alexander Novak, amounted to 15 million tons. This is approximately 46% of total Russian LNG exports.

About the EU's attempts to reduce the share of Russian LNG - in the Kommersant material “The EU wants to speed up the phase-out of Russian LNG”.

Leonid Uvarchev

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