EU spent €8.7bn on Russian Arctic LNG in 2026, as import ban looms
Detailed summary
The EU is still the main customer of one of Russia's flagship Arctic gas projects, the Yamal pipeline, despite Brussels repeatedly touting the end of reliance on Russian fossil fuels. #EuropeNews
The European Union spent an estimated €8.7 billion on Russian liquefied natural gas (LNG) from the Arctic in the first ten months of 2026, exceeding its estimated bill for the whole of 2025 by 21%, according to an analysis by environmental campaign group Urgewald.With Brussels preparing to ban Russian LNG imports from January 1, 2027, European buyers continue to provide Moscow with a lucrative market, despite repeated political commitments to end the bloc's dependence on Russian energy following the invasion of Ukraine.Urgewald analysed data from energy intelligence firm Kpler showing that EU ports received 12.89 million tonnes of LNG from Russia's Yamal project between January and October…
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