Despite anti-Russian sanctions, EU countries imported liquefied natural gas (LNG) from Russia worth €6.1 billion in 2023; This means more than half of all exports from the Russian Federation. Telegram.
As noted in the publication, the number of LNG cargoes to Europe, including the Baltic states and other countries supporting Ukraine, continues to increase. The largest importers are Spain and Belgium. Their purchases increased by 50%, accounting for 26.5% and 37.2% of total LNG imports, respectively.
Experts attribute the increase in demand for Russian LNG to the EU’s plans to decarbonize the economy. CO2 emissions need to be reduced by 55% by 2030. At the same time, Vadim Petrov, an expert at the Russian Ministry of Natural Resources, warns that Europe will not be able to completely replace pipeline gas with LNG. According to him, prices can rise sharply in winter.
Increasing LNG exports is of strategic importance for Russia. Production is expected to exceed 100 million tons by 2030. In 2022, this figure was 32.5 million tons.
In the Russian Federation at the beginning of November accepted The law regarding LNG exports has been amended.
Previously in the United States, Europe returned It has become the main market for American LNG.