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EU continues to savour Russian LNG as US sanctions threaten India's imports

Business Standard LogoBusiness Standard21h ago

EU continues to savour Russian LNG as US sanctions threaten India's imports - Business Standard

Quick Summary:

However, the EU continues to rely on Russian LNG imports, with reports highlighting that a record amount of LNG was imported from Moscow last year.

While the outgoing Joe Biden administration sanctioned scores of companies that were aiding Russia in energy exports, some EU countries have also called for the 27-nation bloc to impose a blanket ban on pipeline gas and liquefied natural gas (LNG) imports from Russia.

In the first three quarters of 2024, exports to the EU from the Jamnagar, Vadinar (in Gujarat), and new Mangalore refinery—which are increasingly reliant on Russian crude — saw a 58 per cent year-on-year rise,” the report mentioned.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 15:53:24 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1074 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25151507

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Official Website: business-standard.com

Update Frequency: 268 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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