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Gazprom: U.S. LNG triples European prices
Russian Gazprom company reported that the American dominance in the liquefied natural gas (LNG) market has led to a tripling of prices in Europe compared to the period when large quantities of Russian gas were supplied to the European market. The vice president confirmed that 60% of Europe's LNG imports come from the United States, with Germany's share exceeding 90%. Due to Western sanctions, Gazprom lost a significant portion of its customers to other suppliers such as the United States, Qatar, and Norway. Its exports to Europe decreased from 201.7 billion cubic meters in 2021 to around 18 billion cubic meters in 2025.
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