Bloomberg: EU imports of Russian LNG break records
7.01.2025 - 14:55
The volume of imports of Russian liquefied natural gas (LNG) by European Union countries is breaking records despite calls to ban such supplies.
According to the results of 2024, the European Union imported 15.5 million tons of Russian LNG, the highest figure since 2019, Bloomberg writes, citing ship tracking data.
In 2022, this figure was 13.7 million tons. Currently, Europe buys fuel from Russia, mainly from Novatek, despite calls to ban such supplies.
Russia also seeks to triple LNG exports to 100 million tons by 2035 from last year’s 33 million tons.
The publication emphasized that sanctions have already affected the achievement of Russia’s goals to increase LNG exports. And while Novatek’s newest Arctic LNG 2 project has begun limited fuel exports, sanctions imposed by the US and its allies have limited the plant’s access to the ice-class tankers needed to navigate the frigid northern waters.
The ban on transshipment of Yamal LNG cargoes at European ports could complicate the logistics of Russian supplies to Asia when the Northern Sea Route is closed, but the sanctions could actually lead to more of those supplies being sent to Europe.
See also: Russia’s Arctic LNG-2 left without key tanker suppliers.
