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Spain's Long-Term LNG Contract with Russia Benefits Europe

Several EU countries, otherwise ideologically opposed to long-term gas contracts with Russia, benefit from exactly such contracts that Spain has signed, by buying Russian LNG from Spain. Despite official sanctions, imports to Spain have been increasing.

Russia was the second main supplier of liquefied natural gas (LNG) to Spain in January–December 2024, according to data released by the Spanish energy company Enagás, as reported by Interfax yesterday.

Spain purchased the equivalent of 72,360 GWh of LNG from Russia (21.3% of the total volume) in 12 months last year, according to the company’s data. As a result, Russia was the second-biggest supplier of this type of fuel to the country in the reporting period, after Algeria. In December, Madrid purchased 5,485 GWh of gas from Moscow, or 20.8% of the total volume.

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