The active purchase of LNG by the European Union from Russia was explained
Earlier, the European Union became the largest buyer of Russian liquefied natural gas. In 2023, EU countries purchased more than half of the LNG exported by Russia, spending more than $6.6 billion.
According to Demidov, Russia has never focused on LNG supplies to Europe, since most of the gas was delivered through pipes. For comparison, Gazprom supplied up to 155 billion cubic meters to Europe in peak years, while the maximum volume of LNG that was supplied to the EU until 2022 was about 14 billion cubic meters.
"As soon as sanctions were imposed against Russia, the Nord Streams were blown up, it became a chance for Novatek to still supply Russian gas to Europe. In addition, sanctions have not been imposed against LNG from Russia so far," the analyst shared.
The interlocutor of the "Tape.ru" noted that in 2021, Russia supplied about 13.5-14 billion cubic meters to Europe, in 2022 — about 20 billion, and in the first half of 2023, 12 billion were already delivered.