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EU Dependence on Russian Gas Was Higher than its Dependence on US Gas in October.
Summary
Figure (1) shows EU imports of natural gas/LNG imports by source. The EU’s LNG imports increased in October, reversing the trend of previous months. The EU imported 6.85 million tons (equivalent to 9.38 bcm of regasified LNG) in October, the highest since June, according to data from Kpler. France was the top importer in the region with 2.41 bcm, followed by the Netherlands with 1.40 bcm and Spain with 1.28 bcm. The US remained the EU’s top LNG supplier with a 43% of the delivered LNG imports into the bloc, followed by Russia with a share of 18%, Qatar (12%) and Algeria (11%). Looking at the EU’s total gas imports in October, LNG accounted for 40.2% while piped gas accounted for the remaining share of 59.8%. Norway was the top supplier with 31.6% of the EU’s total gas imports. Russia came in second with 18.1%, surpassing both Algeria, which accounted for 16.8% and the US that supplied 17.4%.