EU Buys 1.5B Euros in Russian Fuel in July
The European Union purchased Russian fuel worth 1.5 billion euros in July, with significant shares in pipeline gas and liquefied natural gas, while Belgium became the top EU importer of Russian gas in June, according to reports.
Consensus
- The European Union purchased Russian fuel worth 1.5 million euros in July.
- The EU is one of the top four buyers of Russian energy resources.
- Belgium became the largest importer of Russian gas in the EU in June.
- The EU is purchasing liquefied natural gas (LNG) from Russia, with Belgium leading in imports.
- The EU plans to fully phase out Russian LNG by January 1, 2027, and pipeline gas by September 30, 2027.
Points of divergence
- The EU's purchases of Russian fuel in July amounted to 1.5 billion euros, with 38% going to pipeline gas (561 million euros) and 36% to LNG (526 million euros). — vesti
- In June, EU countries collectively paid 809 million euros for Russian LNG, with Belgium importing gas worth 268 million euros, France 257.6 million euros, and Hungary 218.3 million euros. — kommersant
- Belgium's Russian gas imports increased by 27% in June compared to May, and by 1.8 times year-on-year. — kommersant
- China is the largest buyer of Russian coal and oil, Turkey leads in oil product purchases, and the EU dominates in pipeline gas and LNG imports. — vesti
- France's Russian gas imports decreased by 30% in June but increased by 42% year-on-year. — kommersant
- The EU is facing risks of gas shortage due to reduced reserves in Germany and shipping restrictions in the Middle East. — kommersant
Coverage (3 sources)
- European Union purchased fuel from Russia in July for 1.5 billion euros — Вести
- Belgium imported more Russian gas than any other EU country in June — Вести
- Belgium became the main EU buyer of Russian gas in June — Коммерсантъ