• AutoTL;DRB
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    fedilink
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    31 year ago

    This is the best summary I could come up with:


    As coastal countries, Spain, Belgium and France have become busy destinations for LNG carriers, which need to unload their supplies on sophisticated terminals where the cooled-down liquid is turned back into gaseous form and sent to power plants.

    This year’s shopping spree was worth €5.29 billion, Global Witness said, an amount that throws into question the bloc’s efforts to weaken the Kremlin’s war chest, which is fundamentally sustained by international sales of fossil fuels.

    While flows of pipeline gas have been dramatically reduced through national plans and Vladimir Putin’s retaliation, tanks of Russian LNG appear to be warmly welcomed at European ports.

    While European countries decry the war, they’re putting money into Putin’s pockets," Jonathan Noronha-Gant, a senior fossil fuel campaigner at Global Witness, said in a statement.

    Data from Eurostat paints a similar pattern: in the first quarter of 2023, Russia was the EU’s second-largest supplier of LNG, only behind the United States and ahead of Qatar, Algeria, Norway and Nigeria.

    Market data analysed by Bruegel, a Brussels-based economic think tank, shows no considerable variation in the flows of Russian LNG, despite the multiple rafts of sanctions and growing evidence of possible war crimes committed inside Ukraine: the EU bought 1.99 mcm of Russian LNG in March 2022, the first full month of the invasion, and 1.59 mcm in July 2023, the last month on record.


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