Why Europe Keeps Buying Russian LNG — Andreas Schroeder

5. 1. 2023

By all accounts, 2023 will be a year of endless debates about energy relations between the European Union and Russia. On this edition of The IR thinker, I am curious about Russian LNG in Europe, is it a sign of hypocrisy in the European Union or a smart Russian business move?

Andreas Schroeder

Andreas Schroeder, Head of Energy Analytics at ICIS – Independent Commodity Intelligence Services; a global company with 150 years of experience in delivering market intelligence. Andreas is a leading expert on LNG issues, and I highly recommend connecting with him on LinkedIn, where he posts tremendous sources of knowledge.

Content

00:00 - Introduction
02:07 - Russian LNG in Europe
04:45 - Novatek and LNG transport to Europe
11:55 - LNG politics and the European Union
18:14 - EU gas storage, LNG supplies and terminals
23:33 - Russia sells LNG to third countries
26:04 - LNG gas contracts
29:45 - LNG price components
38:43 - LNG market and reforms in Europe
44:32 - Recommendation for the European Union