Russian LNG revenue for federal budget reaches 60 million euros per day

The European Union recorded a 14 percent increase in Russian liquefied natural gas imports in June compared with the same month last year, according to data from the Centre for Research on Energy and Clean Air cited by the German weekly Welt am Sonntag. The rise occurs while Brussels maintains a stated goal of eliminating dependence on Russian energy. France accounted for the sharpest monthly jump. The Montoir-de-Bretagne terminal received four times more Russian LNG in June than in May. Spain continues to source more than 27 percent of its national gas consumption from Russia. Hungary, Slovakia and Greece also remain steady buyers despite the broader sanctions framework. The mechanism is straightforward: most Russian LNG enters the EU under long-term supply contracts that predate the current sanctions regime. Breaking those contracts would expose European buyers to heavy penalties. In addition, the global LNG market allows cargoes to change hands multiple times before final delivery, making origin tracking difficult once the gas leaves the liquefaction plant.