Volumes of liquefied pure fuel (LNG) from the US have been increased than Russian piped fuel in June
For the primary time, the EU has bought extra liquified pure fuel (LNG) from the US than pure fuel by way of pipeline from Russia, Worldwide Power Company (IEA) Govt Director Fatih Birol tweeted on Thursday, including that the proportion modified as a result of newest discount in Russian provides.
“Russia’s latest steep cuts in pure fuel flows to the EU imply that is the primary month in historical past through which the EU has imported extra fuel by way of LNG from the US than by way of pipeline from Russia,” Birol wrote.
“The drop in Russian provide requires efforts to scale back EU demand to arrange for a troublesome winter,” he added.
The surge in imports of American LNG comes amid the European Union’s try to chop reliance on Russian vitality, which makes it tough for the bloc to ratchet up Ukraine-related sanctions.
In June provides of Russian fuel by way of the Nord Stream pipeline have been slashed by 60% as a consequence of technical points stemming from Western penalties in opposition to Moscow. Russia’s Gazprom mentioned that German gear provider Siemens Power had didn’t return gas-pumping items to a compressor station on time, because the repaired generators have been caught at a upkeep facility in Canada as a consequence of Ottawa’s sanctions on Russia.
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Nord Stream to halt fuel provides to EU
Moreover, the pipeline operator plans to cease fuel flows to Germany for 10 days in mid-July as a consequence of scheduled annual upkeep. In accordance with an announcement by Nord Stream AG, each sections of the route can be halted from July 11 to July 21.
Russia has additionally halted fuel provides to Finland, Poland, Bulgaria, Denmark’s Orsted, Dutch firm GasTerra, and vitality big Shell for its German contracts – for refusing to undertake the gas-for-rubles cost scheme launched by Moscow in response to sanctions.
In March, the EU agreed to purchase a further 15 billion cubic meters of US LNG this 12 months in a bid to restrict purchases of Russian fuel. The bloc needs to switch a 3rd of Russian fuel imports with LNG from varied sources in 2022.
Till lately, Russia’s annual volumes of fuel to Europe reportedly amounted to about 150 billion cubic meters, with one other 14-18 billion cubic meters despatched within the type of LNG. Greater than 40% of the continent’s complete pure fuel imports got here from Russia.
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