OREANDA-NEWS By the end of November 2024, the revenues of Russian exporters of liquefied natural gas (LNG) from sales of this type of fuel to European customers decreased by 18 percent compared to the same period in 2023. A noticeable drop in the interest of the European Union (EU) countries in LNG from the Russian Federation is reported by RIA Novosti, citing data from the EU Statistical Service (Eurostat).

It is noted that in the last month of autumn, Russia's revenues from LNG sales in European countries decreased to 592.2 million euros. The achieved result was the lowest since August. In monthly terms, the indicator dropped by 16 percent. In general, in the first eleven months of 2024, Russian LNG exports to the EU fell by 15 percent year-on-year and amounted to 6.3 billion euros.

France turned out to be the main importer of this type of Russian fuel to the EU in November, having purchased LNG worth 240.5 million euros. The achieved result fell by a third month-on-month and by 8 percent year-on-year. Spain took the second place, which purchased LNG for 232.6 million euros (a drop of two-thirds and 11 percent, respectively), while the Netherlands rounded out the top 3 with 103.9 million (an increase of 11 percent on a monthly basis and a decrease of 12 percent on an annual basis).

Earlier, Politico reported on the intention of a number of EU countries to ban the import of Russian LNG "as soon as possible." The gradual abandonment of purchases of this type of fuel from the Russian Federation, according to representatives of Poland, Estonia, Latvia, Lithuania, Denmark, Sweden, Finland, the Czech Republic, Romania and Ireland, should be included in the 16th package of anti-Russian sanctions, which is planned to be adopted by the third anniversary of the outbreak of hostilities in eastern Ukraine — by February 24.. Such a measure, according to the initiative group, will deprive Russia of billions of euros earned from the LNG trade and weaken the financing of the Russian military-industrial complex.