February 26, 2024 12:16 am

EU imports of Russian liquified gas leap by 40% since Ukraine invasion – Citizen Watch Report

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EU imports of Russian liquified natural gas (LNG) have increased by 40% since the invasion of Ukraine despite efforts to cut down supplies.

Member states have bought more than half of Russia’s LNG on the market in the first seven months of this year, according to analysis of data by Kpler, which tracks marine and tanker traffic.

Spain and Belgium, which acts as major gateways for LNG supplies to the bloc, have emerged as the second and third-biggest customers of Russian LNG respectively after China.

“EU countries now buy the majority of Russia’s supply, propping up one of the Kremlin’s most important sources of revenue,” said Jonathan Noronha-Gant, a senior fossil fuel campaigner at the anti-corruption group Global Witness, which did the analysis.

www.theguardian.com/business/2023/aug/30/eu-imports-of-russian-liquified-gas-leap-by-40-since-ukraine-invasion

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Original Source: EU imports of Russian liquified gas leap by 40% since Ukraine invasion – Citizen Watch Report

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