The European Union (EU) has allowed terminals to transship and/or re-export Russian liquefied natural gas (LNG) amidst its attempt to wean itself from Russian gas and LNG since Russia’s 2022 invasion of Ukraine, says the Institute for Energy Economics and Financial Analysis (IEEFA).
According to research from the organisation, there has been an increase in Russian LNG imports and transshipped cargoes arriving at LNG terminals in Europe are often not included in official import figures.
The IEEFA revealed that Spain is the leading importer of Russian LNG among EU countries, with 5.21 billion cubic metres (bcm) imported from Jan-Sep 2023, followed by France (3.19 bcm) and Belgium (3.14 bcm).
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