EU’s Reliance on Russian LNG Is Growing

Russian LNG accounted for 20% of the EU’s liquefied natural gas imports in the first nine months of 2024, compared to 14% for the same period last year, amid markedly lower EU imports of the super-chilled fuel, a new report by the EU Agency for the Cooperation of Energy Regulators (ACER) showed on Tuesday.

While the Russian LNG share of the EU’s total LNG imports grew, it was a share of a smaller pie. In the third quarter of 2024 alone, EU imports of LNG slumped by 23% compared to a year earlier, ACER, the EU regulator, said in the…