EventThe EU has spent €7.28 billion on Yamal LNG in the first eight months of 2026, surpassing last year’s total, and its share of Yamal exports rose to 89 %. These figures underscore Europe’s growing reliance on Russian Arctic LNG amid plans to phase out imports and forthcoming sanctions.
EU imports of Yamal LNG have increased, with spending already surpassing last year's total as the bloc prepares to phase out Russian LNG. The trend highlights a growing European appetite for Arctic energy and signals changing trade dynamics with Russia.
The EU has spent €7.28 billion on Yamal LNG in the first eight months of 2026, surpassing last year’s total, and its share of Yamal exports rose to 89 %. These figures underscore Europe’s growing reliance on Russian Arctic LNG amid plans to phase out imports and forthcoming sanctions.
