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Lithuania to Call for EU Ban on Russian LNG at Minister Meeting

LNG

Lithuania will call for an EU ban on Russian LNG imports at a meeting of energy ministers on Monday according to Montel citing a senior EU diplomatic source.

  • Lithuania will raise the issue under any other business so ministers are not required to debate it in detail.
  • The ban is “not a hot item” for most of the 27 EU countries as the EU still needs Russian LNG, said the source.
  • “Lithuania is right to remind us that [LNG imports] are still happening,” said the source.
  • The overall supply trajectory is decreasing with end dates to private import contracts, said the source. The bloc is committed to phase out Russian fossil fuels.
  • Total Russian pipeline gas and LNG imports fell from 150bcm in 2021 to 80bcm in 2022 and 43bcm in 2023. The Russian share on EU imports has fallen from 45% in 2021 to around 15% in 2023 although Russian LNG imports remain stable at around 20bcm in both 2022 and 2023 according to Kpler.
Energy BulletsCommodities
Energy BulletsCommodities

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