Spain and Belgium Buy Russian Arctic Gas at Record Rate, Officials Unsure How to Stop Imports

Published at: Feb 22 2024 - 12:37

European countries continue to buy more than half of Russia’s gas production. Throughout 2023 Spain emerged as a major importer surpassing previous record buyers France and Belgium, without concerted European effort to reduce import volumes. Norway also continues to expand its LNG portfolio, including to destinations outside the EU.

Despite European officials expressing support for measures to restrict the flow of Russian liquefied natural gas (LNG) into the EU, realities on the ground are trending in the opposite direction.

A new report by the Institute for Energy Economics and Financial Analysis using Eurostat data reveals how LNG imports from Russia continue to rise.

https://www.highnorthnews.com/en/spain-and-belgium-buy-russian-arctic-gas-record-rate-officials-unsure-how-stop-imports