Business

Russia Emerges as Second Leading LNG Supplier to EU in September

Moscow:Russia ranked second after the United States in liquefied natural gas (LNG) supplies to the European Union at the end of September, capturing a share of 8.5%.

According to Yemen News Agency, calculations by the Russian TASS news agency based on data from the European Statistical Office (Eurostat) revealed that the European Union purchased LNG from Russia valued at approximately 498 million euros. This marked a 42% increase compared to the same month last year. Meanwhile, the United States led the list of suppliers with a 72.4% share and supplies valued at 4.25 billion euros.

During the period from January to September of last year, Europe imported LNG from Russia worth 6.7 billion euros. Thus, Russia also ranked second after the United States in the total value of EU LNG imports during the first nine months of the year, with a share of 17.3%, up from 16.3% in the same period last year.

TASS previously reported, with data from the European research center Bruegel, that Russian LNG supplies to the EU amounted to 1.1 billion cubic meters last September. EU imports of LNG during the period from January to September increased by 10%, reaching approximately 16.5 billion cubic meters compared to 15 billion cubic meters the previous year.

The Council of the European Union has approved a complete ban on Russian LNG supplies to member states, effective from 1 January 2027, with a ban on gas transported via pipelines starting from 30 September 2027.