Wednesday, May 1, 2024

The Hidden Corner of the Energy Market Where Russian Exports to Europe Are Booming

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https://www.wsj.com/articles/the-hidden-corner-of-the-energy-market-where-russian-exports-to-europe-are-booming-11666604773

While Russia has throttled its pipeline gas, its exports of liquefied natural gas to Europe are growing rapidly Europe is spending hundreds of billions of euros to wean itself off Russian natural gas but there is one corner of the energy market where the continent is finding it hard to kick its habit.

While supplies of Russian pipeline gas, which made up the bulk of Europe’s gas imports before the Ukraine war, are down to a trickle, European importers have been quietly splurging on frozen Russian gas delivered by giant ships.

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