Russia's LNG exports: EU panic brings unexpected boom!

Russia's LNG exports: EU panic brings unexpected boom!

Vladimir Putin continues to focus on a strong export strategy for Russian liquid gas (LNG) in the EU, despite the existing efforts in Europe, to break away from these imports. According to a report by Merkur in 2024 significantly increased, which is interpreted in response to possible care worries.

The analyst Ana Maria Jaller-Makarewicz speaks of a "panic" in the EU, which is also reflected in the numbers. By mid -December 2024, the EU imported 16.5 million tons of Russian liquefied gas. In 2024, Russian LNG accounted for 20% of total EU imports of fuel transported by sea transport, an increase compared to 15% in the previous year. France in particular imported more Russian LNG in 2024 than in any other year since 2018, especially through the terminal in Dunkirk. This development is favored by the comparatively low price for Russian LNG compared to gas deliveries from the USA.

regulatory aspects

Although the EU imposed sanctions against Russian LNG in the summer of 2024, import itself does not remain prohibited. Only the overload within the EU is affected. A EU Commission that has not been published estimates that the replacement of 14 billion cubic meters of Russian gas should have little effect on natural gas prices in the EU. Despite these efforts, the EU emphasized that it can do without Russian LNG.

The Jamal pipeline plays a central role by transporting Russian LNG to Europe from the Jamal Peninsula in Siberia. At the turn of the year, the transaction between Russia and Ukraine also ran out, which means a loss of financial income for Russia. These laced framework conditions show the complexity of energy education between Europe and Russia.

Additional data on the imports of LNG between January 2020 and March 2024 are available on Statista These show the monthly import volume of the EU from LNG from Russia and offer detailed insights into the long -term developments in this area.

-transmitted by West-Ost-media