The EU Has Spent a Record 7.3 Billion Euros on Russian Liquefied Gas Since the Beginning of the Year
6 Articles
6 Articles
The EU Has Spent a Record 7.3 Billion Euros on Russian Liquefied Gas Since the Beginning of the Year
Since the beginning of 2026, European Union countries have spent about 7.28 billion euros to buy liquefied natural gas (LNG) from the Russian Arctic Yamal LNG project, which has already exceeded the figure for the whole of 2025 (7.3 billion euros).
EUROPE paid a record €7.3 billion for Russian LNG in the first eight months of 2026, exceeding all of 2025. Imports are rising ahead of the 2027 ban, and European ports and companies are crucial for transportation.
Key takeaways Despite official claims of moving away from Russian energy, European countries spent approximately 7.28 billion euros on liquefied natural gas (LNG) from the Arctic Yamal project in the first eight months of this year. These expenditures already exceed the total amount spent in the entire year 2025. This is reported by Euronews. Based on data […]
Europe spent about 7.28 billion euros on Russian liquefied natural gas imports from the Arctic project during the first eight months of the current year, already exceeding its total expenditure on the project throughout 2025. A study by the German non-governmental organization Orgievald, on the detection of institutions and companies that finance climate-friendly projects, revealed that Europe spends 7.28 billion euros on liquefied Russian gas i…
Despite public statements of a break in economic ties with Russia, Europe spent a record 7.3 billion euros on Russian Arctic gas in the eight months of 2026, exceeding the total for 2025.
Between January and early September 2026, the European Union paid €7.3 billion for liquefied natural gas from the Russian Arctic Yamal project, exceeding the total of 2025. Imported volumes increased by 10% over a year, while world exports of the project were declining. These figures, published on the eve of the European Arctic Summit, reveal Moscow's growing dependence on European ports and maritime infrastructure. The EU has already paid €7.3 …
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