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2025-10-31 09:13:08
[Russia's Second-Largest Natural Gas Producer: Excluding Russian LNG Would Lead to Soaring Prices] Novatek, Russia's second-largest natural gas producer, stated on the 30th that the West cannot exclude Russian LNG from the global natural gas supply and demand balance. Forcing this would lead to a significant increase in natural gas prices, harming the interests of European consumers. Mikhelson said that Russia accounts for over 10% of global LNG production, making it unrealistic to remove it from the global natural gas supply and demand balance. European Commission President Ursula von der Leyen previously stated that the EU's 19th round of sanctions against Russia was the first time the EU had targeted the Russian gas industry. A recent report from the International Energy Agency stated that in the first three quarters of this year, US LNG exports to Europe surged by 60%, and US LNG now accounts for 60% of Europe's total LNG imports, surpassing Russia to become Europe's largest LNG supplier. (CCTV News)
