Egypt 2nd largest Arab exporter of LNG to EU, 5th globally
Eurostat indicated that Egypt is the second largest Arab exporter of liquefied natural gas (LNG) to the European Union (EU) and the fifth largest on the global level, as reported by Russia Today.
The EU's expenditure on LNG and natural gas delivered through pipelines rose by more than threefold in 2022 to record €208 billion up from €62.5 billion in 2021. The top exporter of LNG to the union is the United States as the value spent on its supplies increased sevenfold to hit €48.6 billion. As for Russian supplies of gas, their value hit €47.6 billion in 2022, including €16.2 billion worth of LNG.
The EU received supplies from 27 countries, with the share of LNG exceeding that of natural gas delivered through pipelines for the first time. The value of each is €109.4 billion and €98.6 billion, respectively.