Focus on the BIG picture.
Sunday, Jan 19, 2025

European Imports of Russian LNG Surge to Record Levels Amidst Geopolitical Tensions

Europe's reliance on Russian liquefied natural gas grows, despite efforts to sever energy ties following conflict in Ukraine.
Europe's importation of liquefied natural gas (LNG) from Russia reached unprecedented levels last year, underscoring the continent's ongoing energy dependency despite concerted efforts to reduce reliance on Russian fossil fuels in the wake of the conflict in Ukraine.

According to data from Rystad Energy, 17.8 million tonnes of Russian LNG were delivered to European ports in 2024, a notable increase of over 2 million tonnes compared to the previous year.

Jan-Eric Fähnrich, a gas analyst at Rystad Energy, highlighted the surge, indicating that LNG imports were not only increasing but had reached 'record levels.' This influx occurs amid Europe’s significant reduction of pipeline gas imports from Russia, redirecting its energy procurement strategy by importing LNG from multiple nations, with Russia becoming the second-largest supplier behind the United States.

In 2024, Europe imported 49.5 billion cubic metres (bcm) of Russian gas via pipelines and an additional 24.2 bcm in LNG shipments, according to Fähnrich.

Notably, some of this LNG may have been resold to other countries.

This development coincides with Ukraine halting Russian gas flows through its pipelines, a legacy Soviet-era route, amid three years of military tensions between the two nations.

The continuation of Russian LNG imports has garnered criticism from various quarters.

Campaigners assert that the European Union's continued purchase of Russian fuels contradicts its support for Ukraine and its climate objectives.

Despite reductions in energy demand and regulatory easing for renewable energy projects, the EU is reportedly not transitioning its economy rapidly enough to meet climate goals, which aim to arrest planetary heating at 1.5°C (2.7°F) by century's end.

The Centre for Research on Energy and Clean Air (Crea) reported that the EU's import expenditure on Russian LNG amounted to €7.32 billion in 2024, with a 14% increase in volume, culminating in 17.5 million tonnes of imports.

Vaibhav Raghunandan, a Russia analyst at Crea, notes that Russian LNG is offered at competitive prices compared to alternatives, motivating companies to buy in their self-interest.

Although the EU plans to phase out Russian fossil fuel imports by 2027, a full ban on gas, unlike coal and oil, has not been imposed.

However, in June, EU member states consented to prohibit Russian LNG re-exports to non-EU countries effective from March 2025.

Analysts, including Fähnrich, suggest that the recent spike in Russian LNG imports may partly result from efforts to secure volumes before impending sanctions.

Ukrainian activists have criticized these developments, arguing that existing loopholes in sanctions allow Russia to continue financing its war efforts with fossil fuel revenues.

Svitlana Romanko, founder of the Ukrainian climate advocacy group Razom We Stand, urged the EU to enforce stricter prohibitions on Russian LNG imports and address weaknesses in the sanctions regime.

Romanko emphasized the potential environmental benefits of tightening sanctions, noting that doing so could slash upstream greenhouse gas emissions from Russia's oil and gas sectors by 25% by 2030.

If renewable energy were to replace fossil fuels, annual end-use emissions could decrease by 300 million tonnes.

The EU faces a pivotal choice, Romanko remarked, between perpetuating war and pollution or embracing a sustainable, secure energy future.
Newsletter

Related Articles

0:00
0:00
Close
Florida's Key Role in President Trump's New Administration
Governor Ron DeSantis Appoints Attorney General Ashley Moody to U.S. Senate
RedNote Welcomes TikTok Users Amid Facebook protection act against TikTok operation in the U.S.
Julia Sebutinde to Lead International Court of Justice: A Historic Transition
S.E.C. Sues Elon Musk Over Alleged Twitter-Related Securities Violations
Rising Alcohol Consumption Among Middle-Aged Adults Sparks Health Concerns
China Considers Selling TikTok U.S. Operations to Elon Musk Amid Looming Ban
France Urges EU to Act on Musk's Political Influence as Tensions Rise
British Court Denies Man’s Appeal to Search Landfill for Bitcoin Worth $765 Million
Former EU Commissioner Acknowledges EU’s Role in Romanian Election Cancellation
Los Angeles Wildfires Threaten Prominent Brentwood Residences, Homes of Vice President Harris, Arnold Schwarzenegger, and LeBron James at Risk as Fires Approach
Protests Erupt in Italy After Police-Involved Death Sparks Public Outrage
Governor Newsom Waives Environmental Rules to Expedite Wildfire Recovery
Apple Board Recommends Rejecting Proposal to End Diversity, Equity, and Inclusion Programs
Celebrity Responses to California Wildfires: Charity, Criticism, and Controversy
Jennifer Lopez and Ben Affleck Finalize Their Divorce After Five Months
The Wildfires of Los Angeles: A Devastating Impact on Celebrities and California's Leadership
President Biden Awards Presidential Medal of Freedom with Distinction to Pope Francis
President Biden and Vice President Harris Address California's Devastating Wildfires: A National Crisis Response
California Wildfires: Tragedy and Destruction as Los Angeles Battles Infernos
Supreme Court Rejects Trump's Bid to Delay Sentencing in Hush Money Case
Venezuelan Opposition Leader María Corina Machado Allegedly Detained Amid Protests
European Imports of Russian LNG Surge to Record Levels Amidst Geopolitical Tensions
Joseph Aoun Elected as Lebanon's President After Protracted Stalemate
BepiColombo Completes Final Flyby of Mercury, Captures Unprecedented Images
World’s Most Wanted Female ISIS Terrorist Found Living Freely in Syria
Jimmy Carter Celebrated for Lifelong Service at Washington Memorial
Palestinian Death Toll Exceeds 46,000 Amid Protracted Conflict, Reports Gaza Health Ministry
Brazil Condemns Meta's Decision to End Factchecking as 'Detrimental to Democracy'
Deadly Attack on Chad's Presidential Palace Amid Political Turmoil
US Government Blocks Guilty Pleas in 9/11 Case Amid Legal Dispute
Birkenstock Battles Copycats: German Court to Decide on Sandals' Artistic Status
Greenland's Prime Minister Urges Unity Amid Geopolitical Tensions
UK Foreign Secretary David Lammy Dismisses Trump's Greenland Seizure Threat
Murder Investigation Launched in Spain Following Discovery of Belfast Man's Body
Zelenskyy Appeals for Sustained Western Support Amid Anticipated Trump Presidency
Giorgia Meloni Accepts Invitation to Attend Donald Trump's Potential Inauguration
Boeing and Google Pledge $1 Million each to Trump's Inauguration Fund
Western Allies Commit $2bn in Additional Military Aid to Ukraine Amid Ongoing Conflict
Renaming Geopolitics: Mexico's President Engages with Trump's Gulf Proposal
U.S. Supreme Court Denies Trump Request to Delay Sentencing in Hush Money Case
US Supreme Court Rejects Trump's Plea to Delay Sentencing in Hush-Money Case
Chinese Actor Rescued from Myanmar's Scam Centres After Viral Post Raises Awareness
Germany Faces Alarming Rise in Homelessness, New Report Shows
California Wildfires Set to Become Costliest in U.S. History
China’s Appetite for Salmon: A Game Changer in Global Seafood Markets
Pepe Review – Examining the Legacy of Pablo Escobar's Hippos
Wildfires Ravage Southern California Amid Historic Windstorm
Justin Trudeau to Step Down as Canada's Prime Minister Amid Political Turmoil
Trump's Potential National Emergency to Impose Tariffs Sparks Global Concerns
×