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Europe’s Russian LNG Reliance Surges Ahead of 2027 Ban

Summary by Oil Price
The European Union bought 97% of the liquefied natural gas produced at Novatek’s Yamal LNG facility over the first quarter of the year, raising certain questions about the pending ban on all Russian gas imports from next year. Despite attempts to secure alternative supply and reduce its purchases of Russian energy altogether, the EU appears to have found it difficult to find that alternative supply at competitive prices, leading to a 17% increas…

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European countries increased their imports of liquefied natural gas from the Russian Yamal LNG in the first quarter of 2026 by 17% compared to the same period the previous year, to 5 million tons.

·Riga, Latvia
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The European Union increased its purchases of liquefied natural gas (LNG) from Russia's Yamal LNG project in the first quarter of this year. This comes at a time when the conflict in the Middle East has strained global supply, according to a media report. Data from the analysis firm Kpler, cited by the newspaper, indicates that imports from Russia's Yamal Peninsula grew 17 percent year-on-year, reaching 5 million tons between January and March. …

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EADaily broke the news in on Friday, April 10, 2026.
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