EU Still Hooked on Russian LNG Despite Bloc’s Hardline Rhetoric

https://sputnikglobe.com/20240320/eu-still-hooked-on-russian-lng-despite-blocs-hardline-rhetoric–1117446814.html

EU Nonetheless Hooked on Russian LNG Regardless of Bloc’s Hardline Rhetoric

EU Nonetheless Hooked on Russian LNG Regardless of Bloc’s Hardline Rhetoric

Sputnik Worldwide

Regardless of EU efforts to scale back reliance on Russian gasoline as a result of anti-Russian sanctions, current information exhibits a surge in Russian LNG imports by France and Spain, suggesting enterprise continues as standard.

2024-03-20T14:53+0000

2024-03-20T14:53+0000

2024-03-20T14:53+0000

world

europe

russia

spain

belgium

eurostat

liquefied pure gasoline (lng)

european union (eu)

https://cdn1.img.sputnikglobe.com/img/07e6/08/1e/1100167381_0:22:1280:742_1920x0_80_0_0_65ff9746ce453e2381d08309b021b8f6.jpg

Russian liquified pure gasoline (LNG) exports to France surged to an all-time excessive in 14 months (from November 2022 to late January 2024), amounting to €293 million, based on Eurostat information obtained by Sputnik.Final December, French imports of Russian LNG exports had been estimated to be €244 million, marking a rise of virtually €50 million over the month. Spain’s LNG from Russia amounted to €274 million, 1.7 instances larger than in December 2023, and a 12-month-high.Moreover, different EU nations akin to Belgium, Estonia, Finland, Lithuania, the Netherlands, and Sweden have additionally bought Russian LNG. By the top of January, EU nations had collectively spent €684.3 million on Russian LNG.Because the onset of Russia’s particular army operation in Ukraine in February 2022, the EU has sought to chop its dependence on inexpensive Russian gasoline and liquefied pure gasoline (LNG) whereas concurrently implementing US-led sanctions in opposition to Moscow.Nonetheless, regardless of harsh anti-Russian rhetoric by EU member states like France, current information by the Institute for Vitality Economics and Monetary Evaluation (IEEFA) revealed that quite a few European nations stay hooked on this vitality supply, whereas some, like Belgium, facilitate LNG transshipments by way of their import terminals.Spain is on the forefront of EU nations importing Russian LNG, having bought 5.21 billion cubic meters (bcm) between January and September 2023. Following carefully behind are France, with 3.19 bcm, and Belgium, with 3.14 bcm. In 2023, the principle EU terminals that acquired important portions of LNG shipments from Russia had been positioned in Zeebrugge, Belgium; Montoir-de-Bretagne, France; and Bilbao, Spain, based on IEEFA.By the top of 2023, Russia had delivered 5.24 billion cubic meters of LNG to Spain, 3.82 billion cubic meters to Belgium, and a couple of.1 billion cubic meters to the Netherlands. Spain acquired 40 p.c of Europe’s imports, whereas Belgium accounted for 30 p.c. It’s price noting that the availability to the Netherlands elevated by 1.9 instances in comparison with 2022.European nations haven’t but banned or restricted importing liquefied pure gasoline from Russia. The EU is considering such motion, however there’s division amongst its 27 members relating to the strategy to be taken. Main importers of Russian LNG, together with Belgium, France, and Spain, assert that severing ties with their Russian suppliers, with whom they’ve long-term contracts, wouldn’t be easy.Russian President Vladimir Putin has repeatedly criticized the EU for implementing sanctions in opposition to Russia’s oil and gasoline business for purely political causes. He believes that the choice was made below stress from the EU’s Western allies, somewhat than being based mostly on financial concerns. Putin has voiced concern concerning the potential detrimental affect these sanctions might have on the shared financial competitiveness of each Russia and the EU.

https://sputnikglobe.com/20240128/without-russian-energy-why-is-eu-reliance-on-us-lng-fraught-with-risk-1116447096.html

https://sputnikglobe.com/20230910/lng-exports-from-russia-increased-by-several-percent-since-year-start-1113244418.html

russia

spain

belgium

2024

Information

en_EN

https://cdn1.img.sputnikglobe.com/img/07e6/08/1e/1100167381_0:0:1280:960_1920x0_80_0_0_0da779a26ac1afd106a8cd6a10a8c03d.jpg

eu lng imports, russian lng exports, lng, liquified pure gasoline, eu lng terminals, russian lng exports to the eu, eu lng imports from russia.

Regardless of EU efforts to scale back reliance on Russian gasoline within the wake of the anti-Russian sanctions, current information exhibits a surge in Russian LNG imports by France and Spain, suggesting that enterprise is virtually continuing as standard.