Europe increases its LNG gas imports to record levels

Europe's imports from Russia's Yamal project for liquefied natural gas (LNG) reached their highest level in the first half of 2026, totaling approximately 9.89 million tons—an increase of 18% compared to the same period in 2025. This reflects the continent's continued reliance on Russian supplies ahead of the European import ban on Russian gas, which is set to take effect in early 2027. The figures indicate that France, Belgium, and Spain were the largest importers, with respective imports of 3.6 million, 2.9 million, and 2.7 million tons, despite Russia escalating its attacks on Ukraine. The Yamal project is Russia's largest natural gas liquefaction plant, heavily dependent on European ports and private shipping fleets. However, the EU’s ban on imports from the project through long-term contracts is expected to begin in 2027.

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