EU imports record quantities of Russian LNG in 2024
EU has received 16.5mn tonnes of liquefied natural gas from Russia. In 2022, the EU decided to stop imports of any Russian fossil fuels by 2027. EU previously imported 40% of its gas from Russia. This is now down to 16%. Imports via pipelines have dwindled, but LNG from Russia has a “significantly lower” price than the gas shipped from the US.