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.
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