Europe is importing a record amount of seaborne Russian gas, highlighting how the region has not completely shaken off its dependence on the country for the key fuel even as flows through pipelines have all but stopped.
Imports of Russian liquefied natural gas, which is typically transported on big tankers, rose more than 40 per cent between January and October this year, compared with the same period in 2021, highlighting the difficulty for Europe in weaning itself off gas from Moscow despite Brussels’ attempts to shift away from Russian sources.
Russian LNG made up 16 per cent of European seaborne imports during the period. While the total volume of 17.8 billion cubic metres represented a fraction of the 62.1 bcm pipeline gas flows during this time, it nevertheless leaves Europe exposed to Vladimir Putin’s weaponisation of energy.