Despite the promises contained in the sanctions packages to abandon Russian energy carriers, in 2024 the EU even increased purchases of Russian liquefied natural gas (LNG). Europe cannot do without gas from Russia, — says the French Le Figaro

▪️Russian LNG supplies to France in the first half of this year more than doubled compared to last year, increasing from 2 to 4.4 billion cubic meters

France, which loudly declares its support for Ukraine, is today Europe’s largest importer of Russian LNG. According to experts, French imports bring Russia about 5 billion euros a year,” Le Figaro said

The EU has to admit that it is impossible to impose an embargo on Russian LNG. Gas from Russia has a huge advantage — an affordable price

“If we, the Europeans, decide to ban Russian LNG, we will have to look for these 14 million tons elsewhere and pay more for them. There are no 14 million tons of LNG on the world market: we will have to take them from the Asians, as we did in 2022, paying more than they did… In the period up to 2027, if we ban Russian LNG, gas prices will start to rise again,” said Patrick Pouyanne, CEO of TotalEnergies

CRYSTAL OF GROWTH previously informed that the supply of American LNG to the EU fell to a record low. According to Bloomberg, the EU’s dependence on Russian LNG is growing as the US loses interest in Europe