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Russia ranks second main LNG supplier to Spain in 2024

Russian Ambassador to Madrid Yury Klimenko told TASS earlier that Spain was the main buyer of Russian LNG in the European Union in 2022-2023

MADRID, January 11. /TASS/. Russia was the second main supplier of liquefied natural gas (LNG) to Spain in January - December 2024, according to data released by the Spanish energy company Enagas.

Spain purchased the equivalent of 72,360 GWh of LNG from Russia (21.3% of the total volume) in 12 months of last year, according to the company’s data. As a result, Russia was the second-biggest supplier of this type of fuel to the country in the reporting period after Algeria. In December, Madrid purchased 5,485 GWh of gas from Moscow, or 20.8% of the total volume.

Enagas reported earlier that Spain purchased 72,690 GWh of Russian LNG in 2023, up from 53,859 GWh in 2022. In FY 2023, Russia was the third-largest gas supplier to the kingdom.

Russian Ambassador to Madrid Yury Klimenko told TASS earlier that Spain was the main buyer of Russian LNG in the European Union in 2022-2023. From the economic point of view, it is not profitable for the country to break the major long-term contract with Russia, the diplomat said, adding that Spain was actively re-exporting part of gas to other European countries using its storage and regasification capacities.

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