EU gas spending more than triples in 2022

pxhere.comEuropean Union expenditure for the purchase of liquefied gas and gas pipeline from the rest of the world in 2022 has increased 3.3 times – up to 208 billion euros. This is demonstrated by RIA Novosti calculations based on Eurostat database.

According to the statistical office, in 2022 the EU mainly imported blue fuel into 27 countries and spent 208 billion euros there, compared to 62.5 billion a year earlier. For the first time in many years, liquefied natural gas (LNG) accounted for the largest share of costs, rather than pipeline deliveries, at €109.4 billion and €98.6 billion respectively.

The US was Europe’s largest LNG supplier last year, with US fuel spending soaring to 48.4 billion euros. Meanwhile, the EU paid a record 47.6 billion euros for Russian gas at the end of the year, 16.2 billion of which fell on LNG.