Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent in southern Lebanon: An Israeli drone strike targeted the town of Yater, South Lebanon
Lebanese Ministry of Health: One martyr and five wounded in an Israeli drone strike on a car in Al-Numayriyeh, Nabatieh District.
Al Mayadeen correspondent to Gaza: The areas required to be evacuated in western Gaza contain tens of thousands of displaced people.
Al-Mayadeen correspondent to Gaza: The Israeli evacuation threats are for areas the occupation considers safe, deep within western Gaza.
Lebanon’s Foreign Minister: Beirut has not received any official memorandum from Syria, neither through the Foreign Ministry’s diplomatic channels nor via the joint Lebanese-Syrian committee.
Lebanon’s Foreign Minister told Al Mayadeen that he has not received any official notification regarding a potential visit by his Syrian counterpart to Beirut
Russia calls for the continuation of ceasefire between "Israel" and Iran without any breaks: Lavrov
The Israeli military command confirmed the death of an officer—a commander serving as a team leader in the elite 1st Golani Brigade’s Patrol Battalion—during intense confrontations in the southern Gaza Strip
Israeli media: An Israeli guard was killed in a shooting attack at the Gush Etzion Junction, and those who carried out the operation were injured
Ofer Military Court extended Nasser al-Lahham's detention for three days

Potential ban on Russian LNG can cost EU 19% of its imports: Report

  • By Al Mayadeen English
  • Source: Agencies
  • 23 Apr 2024 00:22
3 Min Read

The EU imported LNG equivalent to a total of 7 billion euros ($7.46 billion) in January-February from nine different countries. 

  • x
  • 'Nimbus SPB', an oil products tanker, floats in the Finnish Gulf past the Lakhta Center skyscraper, the headquarters of Russian gas Gazprom in St. Petersburg, Russia, on June 11, 2023.
    'Nimbus SPB', an oil products tanker, floats in the Finnish Gulf past the Lakhta Center skyscraper, the headquarters of Russian gas Gazprom in St. Petersburg, Russia, on June 11, 2023. (AP)

Based on data from Eurostat, Sputnik estimated on April 22 that a ban on Russian liquified natural gas (LNG) from the European Union will cost it a 19% share of its imports as Russia is the second largest supplier of LNG to the bloc. 

EU member states intend to include a ban on LNG imports from Russia in the 14th package of sanctions against it, Swedish Foreign Minister Tobias Billstrom told reporters earlier today.

The EU imported LNG equivalent to a total of 7 billion euros ($7.46 billion) in January-February from nine different countries. 

US, Russia, Algeria... in that order

48%, an increase from last year's 38%, of the total EU imports were from the US making it a major supplier to the EU. 

Russia, however, has also increased its share of the EU's imports over the year by 5% to reach 19% as it supplied the bloc with LNG worth 1.3 billion euros to the EU over the past year. 

The third spot was for Algeria which also increased its share of the EU's total importance from 6% in 2023 to 9%. 

Related News

Europe hits record high LNG imports in May

European gas prices surge after Russian flow disruption: Bloomberg

Not looking good for everyone

On the contrary, Qatar's share in the bloc's total imports has diminished from 15% to 8%.

Nigeria, Norway, Trinidad, and Tobago each contributed a 4% share of the EU's LNG purchases, while the United Kingdom had a 2% share only. 

Biggest LNG consumers

France, the Netherlands, and Spain are the biggest LNG consumers in the EU with their LNG imports worth 1.8 billion euros, 1.5 billion euros, and 1.2 billion euros, respectively.

At the same time, Belgium and Greece are still actively buying Russian gas.

France double-faced on Ukraine as Russian gas imports soar: Politico

A report by Politico on April 11 detailed that France is finding itself under scrutiny for its surging payments to Russia for natural gas.

Data analyzed by the Centre for Research on Energy and Clean Air (CREA) revealed a significant increase in Russian liquefied natural gas (LNG) deliveries to France in the first quarter of this year compared to last year, making France the leading importer of Russian LNG within the EU.

While French President Emmanuel Macron has been vocal in his support for Ukraine, critics argue that France's substantial payments to Russia contradict its position.

The payments, totaling over €600 million since the beginning of the year, raise concerns about France's commitment to reducing Europe's dependence on Russian energy.

Despite assertions from French officials that these purchases are necessary to ensure energy security and are tied to long-term contracts, skepticism abounds.

Critics point out that France could do more to decrease reliance on Russian gas and suggest that the influence of French energy giant TotalEnergies, which has contractual obligations to purchase Russian LNG, may be a factor in France's reluctance to take decisive action.

  • LNG
  • Russia
  • US
  • EU
  • France
  • Nato Alliance
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Concrete and rubble fall from a heavily damaged building as Israeli soldiers search for survivors in a residential area hit by a missile fired from Iran, near Tel Aviv, occupied Palestine, Sunday, June 15, 2025 (AP)

'Israel' concealed damage inflicted by Iran in war, report finds

  • Politics
  • 5 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Yemenis burn US and Israeli flags during an anti-US and anti-Israeli weekly rally in Sanaa, Yemen, Friday, June 20, 2025 (AP)
Politics

Sanaa slams UN envoy over biased statement on Red Sea operations

Palestinians carry the body of Abdul Qusay Issa, 23, who was killed in an Israeli military raid, during his funeral at the West Bank village of Salem, near Nablus, Sunday, July 6, 2025 (AP)
Politics

Israeli settlers kill Palestinian youth in brutal West Bank assault

Vehicles drive past a banner showing portraits of the Iranian armed forces commanders and nuclear scientists who were killed in an Israeli strike, at Tajrish Square in northern Tehran, Iran, Monday, June 30, 2025 (AP)
Politics

Iran envisions a resistant, independent Middle East, Larijani says

An al-Qassam Brigades fighter stands over the corpse of an Israeli soldier killed in Khan Younis, Gaza, in footage published on July 10, 2025 (Al-Qassam Brigades Military Media)
Politics

Al-Qassam kill Israeli soldier in new 'scandal' for Israeli forces

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS