Spain resumes Russian LNG purchases ahead of key deadline, new report reveals

Spain imported 138,000 metric tonnes of Russian LNG in October, despite a prior phase-out of imports. This increase occurs as EU imports of Russian LNG decreased by 10% month-on-month, ahead of a complete ban set for January 2027. Analysts suggest companies are maximizing imports under existing contracts before the ban. Meanwhile, the number of Russian-flagged ships aiding fossil fuel exports has tripled, with these vessels now accounting for a significant portion of oil deliveries. EU sanctions aim to increase the costs for Russia in exporting fossil fuels, even as some countries continue to rely on Russian supplies.