Edition: International | Greek
MENU

Home » Analyses

Russian LNG imports into the EU increased by almost 20 percent last year

Trade in LNG started before the Russian invasion of Ukraine but has since increased sharply

By: N. Peter Kramer - Posted: Wednesday, March 26, 2025

Trade in LNG started before the Russian invasion of Ukraine but has since increased sharply.
Trade in LNG started before the Russian invasion of Ukraine but has since increased sharply.

After the US, Russia is even the most important supplier of LNG in the EU. For 2024 in absolute figures, according to Kpler (an analysis platform specialised in commodity markets) data, it was 25.49 billion cubic meters of LNG. Of these, just under half passed through the North Sea ports of Zeebrugge (Belgium) and Dunkirk (France).

The Russian LNG intended for consumption in Europe often ends up in Germany. It no longer receives Russian gas via pipelines from the east and therefore supplies itself via the western route. German orders went up six and a half times last year, a result of a contract with the largest private gas company in Russia. The 58 gas deliveries of 2024 (the year before there were only twelve) all passed through the Fluxys terminal in Dunkirk. Russian gas also went to Germany via Zeebrugge.

A spokesperson of the Belgian environmental NGO Bond Beter Leefmilieu (Association for Better Environment) told the leading Flemish daily De Standaard, ‘Germany has banned the import of Russian LNG in its own ports. It does import gas now that officially comes from France and Belgium but partly consists of Russian LNG. As a result, the gas is actually laundered. All countries involved can therefore claim that they are not responsible for the demand for Russian LNG’.

In its response Fluxys said that the origin and destination of the LNG are part of the confidentiality of customers. ‘As an independent infrastructure manager, we have no control over the origin or destination of LNG. The terminal is legally based on the principle of open access. This means that any company interested in the supply of liquified gas can reserve capacity at the terminal’.

From March on, the transshipment of Russian LNG to countries outside the EU has been banned, as is happening to a large extent in Zeebrugge. Experts warned that this sanction will actually lead to an increase in the import of Russian LNG into the EU.

READ ALSO

EU Actually

The digital euro is coming and that’s bad news

N. Peter KramerBy: N. Peter Kramer

ECB President Christine Lagarde announced that EU legislation must be finalised in October to make sure nothing is standing in the way of the digital euro

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

The problems with European Security Guarantees for Ukraine

The problems with European Security Guarantees for Ukraine

The coalition of the willing has raised unrealistic expectations about its support for Ukraine, setting itself up for failure. To build a credible deterrent and contain Russia, Europeans and partners must revise their approach and help Trump strengthen his negotiating position

Business

Why the best companies don’t just innovate – they reinvent how they manage

Why the best companies don’t just innovate – they reinvent how they manage

In 2005, Chinese home appliances giant Haier faced a defining moment

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2025. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron