MOSCOW, January 21. /TASS/. Russia’s liquefied natural gas (LNG) exports to Europe increased by 17% (or 3 billion cubic meters) in 2024, the International Energy Agency (IEA) said in its report on the gas market.
"Russian LNG inflows rose by 17% (or 3 bcm) y-o-y, solidifying Russia’s position as Europe’s second-largest LNG supplier," the report says.
Belgium, France, and Spain still accounted for 85% of the total volume of European LNG imports from Russia.
The United States reduced its LNG supplies to Europe by 18% (or 14 billion cubic meters) last year, but still remained the main supplier of this type of fuel to the region with a share of 47%, the IEA report said.
Qatar also reduced shipments to Europe by 30%, redirecting cargo to more profitable Asian markets. Overall, Europe has reduced LNG imports by 18% or 30 billion cubic meters in 2024, the agency said.