Russia's gas competitor has become the leader in the supply of liquefied fuel to the EU
Algeria took the third place in terms of LNG supplies to Europe. It has accounted for about 11 percent of the total since the beginning of November. In general, the European Union (EU) and the UK have managed to increase LNG imports by 76 percent since the beginning of November compared to the October figure — up to 7.39 million tons. Most of the cargo went to France (1.66 million tons), Spain (1.04 million), Great Britain (970 thousand) and the Netherlands (890 thousand).
Analysts attribute the sharp increase in LNG supplies to Europe to a number of factors. Among the key reasons they called the cooling in the region and the completion of preparations for the start of the heating season. Europe still manages to win the competition for LNG supplies from Asian countries. This is largely due to the shallowing of the Panama Canal, which is why the United States has to restrain the supply of its own liquefied fuel to Asia.
Earlier, the Telegraph newspaper, citing data from Eurostat analysts, reported that in 2023, EU countries purchased Russian liquefied natural gas (LNG) in the amount of 6.1 billion euros (more than $ 6.6 billion). European countries accounted for more than half of the LNG exported by Russia, and Spain and France were among the three largest buyers of hydrocarbons from Russia after China.