High North News: Germany Rejects Vessel Carrying Russian Arctic LNG, But Continues Indirect Imports Via EU Neighbors

November 15, 2024

“The fact is that Russian natural gas and LNG still account for a significant percentage of European supply (15-20% of gas including pipeline supply and LNG) so like it or not, anyone pulling natural gas from the European pipeline grid is buying Russian gas,” highlights Jason Feer, global head of business intelligence at Poten & Partners, a global ship brokerage and business intelligence advisor.

But of course optics matter, especially 3 months from an election. “Russian LNG may not be critical to European natural gas supply,” Jason Feer, global head of business intelligence at Poten & Partners. “I guess it’s one thing to end up with some Russian gas in your pipeline supply, but another to actually unload a shipment of Russian LNG from a Russian vessel into a German terminal,” Feer points out.

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