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Russia’s share in extra-EU gas imports falls to 8-year low

Oil&Gas Materials 16 January 2023 13:10 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, Jan.16. The share of Russia within total extra-EU gas imports (pipeline and LNG together) amounted to 16 percent in Q3 2022 (the lowest over the last eight years), split by 11 percent of pipeline imports and 5 percent of LNG, Trend reports with reference to the European Commission.

“Although Russia managed to strengthen its position on the EU LNG market over the last few years, increasing LNG exports to the EU could not counter-balance its market losses in the pipeline segment in Q3 2022. The combined share of pipeline and LNG gas of Russian origin fell by 27 percentage points in Q3 2022 year-on-year. While in January 2021 Russia ensured (with pipeline and LNG supplies) around 53 percent of the total extra-EU gas imports, in November 2022 this dropped to barely 13 percent, a trend well aligned with the objective of the Repower EU plan to phase out fossil energy imports from Russia,” reads the Commission’s report.

The report reveals that the share of Norway was 28 percent within gas imports in Q3 2022 (2 percentage points higher than the share of Norwegian pipeline gas, as after two years of disruption the Hammerfest LNG plant came back to operation in June 2022). The share of Algeria within the total extra-EU gas imports was 12.6 percent with LNG (as opposed to 11 percent only including pipeline gas), up by 1 percentage point year-on-year. The share of ‘Other’ LNG reached historic high in Q3 2022 (29.6 percent, on the top of LNG accounted in shipments from Russia, Norway and Algeria), up from 13 percent in Q3 2021. The share of gas inflows from the UK was close to 10 percent. The decreasing share of imports from Russia between the third quarters of 2021 and 2022 was mainly compensated by the increasing shares of LNG and inflows from the UK (and to a lesser extent, by the higher share of Norway and the TAP).

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