WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 215
Market Data
Money Market Regulations
HOME
ENERGY IN
THE REGIONS
Energy sovereignty
FIGURE 2
Russian gas exports in EU
• A 19% increase of
Russian gas exports
(pipeline+LNG) imports, the 4th quarter of 2023,
compared to the previous and 16% increase y-o-y
• Compared to the 4th quarter of 2021, total
Russian gas exports were down by 64% (-22.5
bcm)
100
7%
47%
44%
15%
6%
6%
20%
19%
20%
17%
• Despite 昀氀uctuations, the importance of LNG in
overall Russian exports has increased compared
to the historic Russian gas export structure to
the EU
31%
• The EU was the largest buyer, purchasing 49% of
Russia’s LNG exports
15%
15%
17%
15%
15%
14%
16%
30%
30%
32%
29%
29%
29%
60
25%
21%
27%
25%
25%
20
10%
8%
15%
13%
2021-Q1
2021-Q2
12%
2021-Q3
12%
2021-Q4
11%
2022-Q1
13%
11%
2022-Q2
2022-Q3
8%
14%
2022-Q4
6%
13%
2023-Q1
8%
14%
2023-Q2
16%
2023-Q3
14%
2023-Q4
Angola
Cameroon
Egypt
Trinidad and Tobago
Nigeria
Qatar
United States
Azerbaijan
Russia
Norway
UK
Algeria
Note: Quarterly share of gas imports within the total, combining both pipeline and LNG imports
Source: European Commission 2023, CREA
• As of 11 April 2024, the European Parliament
has passed a law allowing Member States to
ban Russian LNG imports by preventing Russian
昀椀rms from booking gas infrastructure capacity.
However, no major importer has indicated they
will exercise this option
WEMO 2024
23%
0
5%
18%
41%
34%
40
7%
15%
215
Share of the imports (%)
80
49%
6%
