EU Buys Record €6 Billion in Russian LNG Before Import Ban
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The EU purchased a record €6 billion worth of LNG from Russia ahead of the import ban

In the first half of 2026, the European Union imported more liquefied natural gas (LNG) from Russia’s flagship “Yamal LNG” project than ever before. EU purchases reached a record 9.89 million metric tons in the first six months of the year—an 18% increase over the same period last year. According to Urgewald, Europe paid up to €6 billion for the shipments.
Dmitry Kalak Reading time: 1 minute
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RBC reports this, citing the Financial Times.

According to the German organization Urgewald, Europe likely paid up to €6 billion for these shipments. The main buyers were France, Belgium, and Spain, which imported 3.6 million, 2.9 million, and 2.7 million metric tons from Yamal, respectively.

As RBC notes, the EU ban on long-term imports of Russian LNG will take effect on January 1, 2027. Meanwhile, EU regulations already prohibit the purchase of liquefied natural gas under short-term contracts.


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