Russia has once again overtaken the US in terms of gas supplies to the EU in the third quarter, while taking the highest market share in nine quarters, according to Sputnik’s analysis of data from the Bruegel think tank that specializes in economics.
As a result, the share of Russian companies in the EU’s energy imports increased to 19.4% from 17.2% in April-June, reaching a maximum since the second quarter of 2022, the analysis showed.
Russia’s quarterly and annual pipeline gas deliveries to Europe grew by 8% and almost 13%, respectively, while the volume of Russian liquefied natural gas (LNG) exports in the last quarter stood at 4.7 billion cubic meters, a 21% increase as compared to the third quarter of 2023.
The US has reduced its LNG deliveries to Europe to 9.5 billion cubic meters, becoming the third-largest LNG supplier after Russia.
Sputnik’s previous review of Eurostat data discovered that EU countries had to pay some €185 billion ($204 billion) extra on natural gas over the past 20 months after cutting themselves off from cheap, Russian pipeline gas amid Western sanctions that were introduced shortly after Moscow began a special military operation in Ukraine. Russian President Vladimir Putin warned that the EU's "suicidal" and "absolutely political" decision to halt the purchase of Russian energy supplies would come back to bite the bloc.