February 4, 2023

Europe Puts Scruples Aside, Imports Record Levels of Russian Liquid Natural Gas

The European Union has seen imports of liquid gas from Russia rise in order to record levels this year, delivering billions to Moscow while waxing poetic about their particular support of Ukraine. Although shipments of natural gas delivered via pipelines from Russian federation to Europe have dropped sharply since the full-scale intrusion of Ukraine in Feb, Europe has ironically […]#@@#@!!

The European Union offers seen imports of water natural gas from Russia rise to record levels this year, sending billions to Moscow while waxing poetic about their support of Ukraine.

Although shipments of natural gas delivered via pipelines from The ussr to Europe have dropped sharply since the full-scale invasion of Ukraine in Feb, Europe has ironically considered Russian liquefied natural gas (LNG), a chilled form of the particular gas that can be shipped in sea tankers, to make in the difference.

According to research conducted by the power market analysis firm ICIS for the German business newspaper  Handelsblatt  found   that will imports of LNG from Russia rose by 21 per cent over pre-war amounts to the EU states and Great Britain. The analysis discovered that between January plus November of this year, the particular EU plus the UK compensated Moscow nearly  27 billion dollars euros ($28. 4/£ 23. 5 billion) in exchange for your record flows of liquid natural gas.

The European money spent on Russian LNG on your own, is just under the total help that EU institutions and member states have delivered to Ukraine since the start of the full on war in February. The  Kiel Institute for the World Economy Ukraine aid tracker has found that the EUROPEAN UNION has collectively sent  29 billion euros   in military and financial assistance.

While European nations were largely successful in filling up their gas storage containers prior to the winter, the true test can start to begin in the Spring. Supplies of liquid natural gas on the open market had been artificially higher than normal this year given the reduced production output of Communist Cina due to Beijing’s draconian zero-Covid strategy, which has severely affected production.

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