Discounted Russian gas continues to enter European markets through indirect routes, and the EU must do more. It distorts competition, undermines investment in secure alternatives, and slows diversification, according to a leading LNG trading firm.
While countries such as the UK have implemented a full ban on Russian LNG, EU member states continue to import it, particularly through major terminals in countries such as Spain, France, and Belgium. A complete phase-out is planned by the end of 2027.
James O’Brian, Head of LNG at D. Trading, a pan-European energy and commodity trading group, said if Europe is serious about energy independence, an EU-wide ban on Russian gas is essential.
“The EU’s Fit for 55 key legislative package was fully adopted with all components finalised in May 2024, and is designed to build resilience while accelerating emissions reduction. Allowing Russian gas to undercut diversified LNG supplies sends precisely the wrong signal to investors and allies,” he said.
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