France Becomes Europe’s Leading Hub for Russian LNG Despite Restrictions

France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 $*

then 199 $/year

*renews at 199$/year, cancel anytime before renewal.

France has emerged as a key player in the import of Russian liquefied natural gas (LNG) into Europe. In 2024, the country increased its purchases of Russian LNG by 81% compared to the previous year, totaling €2.68 billion, according to data from the Institute for Energy Economics and Financial Analysis (IEEFA).

A Key Gas Infrastructure

France’s prominence in the LNG market is largely attributed to its five regasification terminals, which enable the reception and redistribution of imported liquefied gas. Among these, the Dunkirk terminal alone handled 27% of European Russian LNG imports in 2024. This infrastructure gives France a strategic position, particularly compared to Germany, which had no LNG terminals before 2022 and whose import capacity remains twice as low.

Redistribution Across Europe

Although France imports significant volumes of Russian LNG, the final destination of the gas remains unclear. A portion is consumed domestically, but a significant share is re-exported to other European countries, including Germany. This redistribution is facilitated by the European gas pipeline network, which allows regasified gas to be delivered to various markets.

Diversified Supply Sources

France’s LNG supply sources are varied. According to IEEFA, one-third of imported gas comes from Russia, another third from the United States, and 17% from Algeria. This diversity provides some flexibility, though dependence on Russian gas remains a major challenge for the European Commission, which aims to reduce reliance on it by 2027.

A Market in Transition

The European Union has significantly increased its LNG imports to compensate for the decline in pipeline gas supplies, many of which have been shut down since the start of the conflict in Ukraine. However, gas demand in France has recently stagnated following a 20% drop during the 2022 inflation crisis. Some energy efficiency measures, such as building insulation, have been relaxed, slowing down consumption reduction efforts.

Investments in Infrastructure

Despite the EU’s goal of moving away from Russian gas, industry players anticipate an increase in LNG reception capacity. Several LNG terminal projects are currently underway, particularly in Germany, which seeks to strengthen its energy independence. These developments highlight the ongoing transformation of the LNG market, shaped by geopolitical factors and the need to adapt to new energy realities.

Private firm Harvest Midstream has signed a $1 billion acquisition deal with MPLX for gas processing and transport infrastructure across three western US states.
Sempra Infrastructure and EQT Corporation have signed a 20-year liquefied natural gas purchase agreement, consolidating Phase 2 of the Port Arthur LNG project in Texas and strengthening the United States’ position in the global LNG market.
Subsea7 was selected to lead phase 3 of the Sakarya gas field, a strategic contract for Türkiye’s energy supply valued between $750mn and $1.25bn.
Tokyo protests against Chinese installations deemed unilateral in a disputed maritime zone, despite a bilateral agreement stalled since 2010.
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.
Chinese group Sinopec has launched a large-scale seismic imaging campaign across 3,000 km² in Mexico using nodal technology from Sercel, owned by Viridien, delivered in August to map areas with complex terrain.
CNOOC Limited has signed two production sharing contracts with SKK Migas to explore the Gaea and Gaea II blocks in West Papua, alongside EnQuest and Agra.
Australian group Macquarie partners with AMIGO LNG for an annual supply of 0.6 million tonnes of liquefied natural gas over fifteen years, with operations expected to start in 2028 from the Guaymas terminal in Mexico.
A consortium led by ONEOK is developing a 450-mile pipeline to transport up to 2.5 billion cubic feet of gas per day from the Permian Basin to the Gulf Coast.
AMIGO LNG has awarded Drydocks World a major EPC contract to build the world’s largest floating LNG liquefaction terminal, aimed at strengthening exports to Asia and Latin America.
Nigeria LNG signs major deals with oil groups to ensure gas supply to its liquefaction infrastructure over two decades.
The European Union and Washington have finalized an agreement setting $750 billion in U.S. gas, oil and nuclear purchases, complemented by $600 billion in European investments in the United States by 2028.
Sempra Infrastructure and ConocoPhillips signed a 20-year LNG sales agreement for 4 Mtpa, confirming their joint commitment to expanding the Port Arthur LNG liquefaction terminal in Texas.
Russian pipeline gas exports to China rose by 21.3% over seven months, contrasting with a 7.6% drop in oil shipments during the same period.
MCF Energy continues operations at the Kinsau-1A drilling site, targeting a promising Jurassic formation first tested by Mobil in 1983.
The group announces an interim dividend of 53 cps, production of 548 Mboe/d, a unit cost of $7.7/boe and major milestones on Scarborough, Trion, Beaumont and Louisiana LNG, while strengthening liquidity and financial discipline.
Norway’s combined oil and gas production exceeded official forecasts by 3.9% in July, according to preliminary data from the regulator.
Gunvor commits to 0.85 million tonnes per year of liquefied natural gas from AMIGO LNG, marking a strategic step forward for Asian and Latin American supply via the Guaymas terminal.
Black Hills Corp. and NorthWestern Energy merge to create a $15.4 billion regulated energy group, operating in eight states with 2.1 million customers and a doubled rate base.
The Pimienta and Eagle Ford formations are identified as pillars of Pemex’s 2025-2035 strategic plan, with potential of more than 250,000 barrels of liquids per day and 500 million cubic feet of gas by 2030.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: $99 for the 1styear year, then $ 199/year.