“The Endless Farce"—that is how Money magazine characterized the story revealed this week by the Wall Street Journal that EU gas reservoirs have been filled with Russian LNG. While sanctioning pipeline gas, EU countries have bought the same gas at much higher prices, thanks to Swiss-based traders who sold them Russian LNG gas on the market!
The Journal published a chart, writing that it shows that “the bloc’s imports of Russian liquefied natural gas jumped by 41% in the year through August compared with that period in 2021” according to the EU Commission itself. “Russia is the EU’s second-largest source of LNG, after the U.S. …
“Last month, France was the biggest importer of Russian LNG, followed by Spain and Belgium according to commodities data provider Kpler. In the first eight months of the year, Russian LNG comprised 17% of the EU’s total LNG imports, while the U.S. made up 45%, according to the EU.”
