Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to the Delovoy Peterburg internet portal on LNG supplies from Russia to Europe.
On August 16, the statistical agency of the European Union Eurostat published the results of foreign trade of the EU member states for June. Judging by official data, Europe is trying to abandon Russian energy resources and look for alternative suppliers, but it is too early to talk about serious success in this.
Sergei Kondratiev believes that medium-tonnage projects may face certain problems: Cryogas-Vysotsk and the Portovaya CS in the Leningrad Region fall into this category.
But in the near future, in his opinion, LNG terminals in the Baltic will remain in demand - at least until the EU has a surplus in the supply of liquefied gas in order to be able to replace Russian supplies.
“The cost of transportation depends very much on the gas carriers used. Now, as I understand it, the main demand for these projects is in North-Western Europe. If they begin to refuse Russian LNG in a consolidated way, then transporting it to other markets (to the same Asia) can be quite expensive," the expert substantiates his assumption.
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