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Since the start of the year, Europe has already spent a record €7.3 billion on Russian LNG

In the first eight months of 2026, European countries paid a record €7.28 billion for liquefied natural gas from the Russian ‘Yamal LNG’ project. Consequently, Europe’s expenditure on Russian LNG for less than a full year has already exceeded the figure for the whole of 2025.
Igor Fomin Igor Fomin Reading time: 2 minutes
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According to an investigation by the German non-governmental organisation Urgewald, between January and the end of August, European ports received 156 shipments of gas from ‘Yamal LNG’, totalling 11.39 million tonnes. During the same period last year, 142 shipments totalling 10.34 million tonnes were delivered — 10.1 per cent less, reports ua.news.

The analytics firm Kpler has calculated that between 1 January and 5 September, European ports received 88.9 per cent of all Russian LNG exported from Yamal LNG. In 2025, Europe’s share stood at 78.2 per cent.

According to Kpler analyst Charles Costerruz, European buyers are ramping up purchases ahead of the ban on Russian LNG imports, which is due to come into force in January 2027. A significant proportion of the supplies is delivered under long-term contracts, whilst imports under short-term agreements were banned by the EU back in April.

Analysts note that the EU’s total expenditure on Russian LNG for 2025 has already been exceeded in the first eight months and five days of 2026.

This rise in expenditure was driven by both high gas prices in Europe and an increase in supply volumes. A further factor was the disruption to a key energy route through the Strait of Hormuz caused by the war in the Middle East.


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