Teresa Ribera (Photo: AFP/Fernando Calvo)
Eurasia
15/09/2023 14:24
“They [LNG export supplies] are already showing positive dynamics. We are talking about a few percent, but nevertheless. There are buyers of Russian LNG all over the world. And these are not only our new partners in Southeast Asia, but also European consumers," Shulginov said.
He said the current LNG production in Russia is not enough to satisfy all the demand for it on the foreign market, adding that all capacities in Russia are loaded.
Reuters claims that Russia's energy revenue has fallen since western powers imposed sweeping economic sanctions on Moscow over its invasion of Ukraine, but LNG still brings in billions of dollars. The news agency added that however, Europe's imports of Russian LNG between January and July are up 40% compared with the same period in 2021 and before the war in Ukraine.
Spain has become the second largest buyer of Russian LNG globally. "I don't like it. I know because of the infrastructure we have, what we are witnessing is new players in the LNG market transporting and storing this (Russian LNG) in our facilities to be able to re-export whenever," Teresa Ribera said. She added that the Spanish government has looked at ways to stop these imports but could find no legal basis for a ban without an agreed EU position because it is external trade.
