LNG deliveries from Russia to the EU reach record volumes By Investing.com

Investing.com — Before the introduction of an embargo on oil from Russia, the EU increased imports of Russian liquefied natural gas. It is reported by Handelsblatt with reference to data from the research company ICIS. According to the publication, compared to the previous year, the EU and the UK purchased almost 21% more Russian LNG.

ICIS gas expert Andreas Schroeder told Handelsblatt that 13% of European LNG imports currently come from Russia.< /p>

“And it's growing fast,” — added Schroeder.

The expert noted that Germany does not have its own operating LNG terminal, so it continues to buy liquefied natural gas from neighboring countries such as France, Belgium and the Netherlands. According to Mr. Schroeder, part of the LNG from Russia will also have to be sent to Germany.

As the publication clarifies, the EU countries and the UK are forced to purchase Russian LNG at a rather high price. So, from January to November, Moscow could receive about 27 billion euros for fuel. At the same time, conventional gas flows from Russia almost completely stopped within a few months, the publication adds.

According to the materials of the article, from January to November 2021, European countries imported 133 billion cubic meters through pipelines. m of gas. Over the ten months of last year, Russian LNG imports amounted to just over 15 billion cubic meters. m, and for the same period in 2022, countries imported just under 18 billion cubic meters. m of gas.

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Text prepared by Timur Aliev


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