BUSINESS

Despite war, Germany central to Russian LNG imports

20 billion cubic metres of Russian LNG were imported in 2024, compared to 18 billion in 2023

Despite war, Germany central to Russian LNG importsDespite Russia’s war on Ukraine, the state-owned German energy company SEFE continued to play a central role in the import of liquefied natural gas (LNG) from Russia into the European Union (EU).

This is according to the analysis released on Tuesday.

A report by Environmental Action Germany and other environmental organisations found that SEFE imported more than six times as much LNG into the EU in 2024, compared to 2023.

Based on data provided by trade intelligence company Kpler, 5.66 billion cubic metres of LNG imported by SEFE arrived in Dunkirk, France, on the English Channel.

Since Moscow launched its war on Ukraine in February 2022, EU countries banned imports of coal and, with some exemptions, crude oil from Russia and pledged to reduce other fossil fuel imports.

LNG: Nigeria’s gateway to global energy

According to the EU Commission, a total of 20 billion cubic metres of Russian LNG were imported in 2024, compared to 18 billion in 2023.

Most of the liquefied natural gas in the EU originates from the U.S, according to the Brussels-based commission.

Kpler’s data suggests it was nearly 22 billion cubic metres in 2024, compared to 18.41 billion cubic metres in 2023.

SEFE is a former subsidiary of the Russian energy group Gazprom, which is now owned by the German government.

The abbreviation stands for “Securing Energy for Europe.’’

As Europe had not placed sanctions on the imports of Russian LNG, there was no legal basis for cancelling or suspending an existing contract, SEFE said.

The LNG import in Dunkirk is sold at two trading venues in France and Belgium, SEFE said.

“SEFE does not deliver Russian LNG to Germany nor has it attempted to deliver it there,’’ the company said.

Back to top button