Europe will not reject LNG from Russia due to fear of shortage

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Despite the sanctions, it seems unlikely that Europe will give up Russian LNG imports in the near future. This view was expressed in an interview RIA News said Alexey Grivach, Deputy Director of the National Energy Security Fund.

According to him, EU countries fear that there will be a shortage of natural gas in the winter due to reduced supplies from Russia, and therefore they will continue to purchase LNG under existing contracts. Europe cannot yet completely replace Russian gas.

The ban on Russian LNG supplies will cost the EU large sums due to the need to pay penalties and seek replacement volumes, the analyst noted. At the same time, there is almost no “free” LNG on the world market.

Petromarket group in mid-September acceptedThe volume of supplies of liquefied hydrocarbon gas from Russia may exceed 4 million units. This will exceed the same figures of 3.9 million and 3.4 million tonnes for 2021 and 2022 respectively. Thus, according to the company’s calculations, it is stated that LPG exports can grow by 18 percent.

Previously, the media had learned what Europe was like. hid Dependence on raw materials from Russia.

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