EU Paid Nearly €6 Billion for Russian Arctic LNG in First Half of 2026 Despite Phase-Out Plan
AI Summary
EU countries paid nearly €6 billion for Russian Arctic LNG from the Yamal LNG project in the first half of 2026 despite an EU plan to phase out Russian gas imports. This reflects persistent reliance on Arctic LNG amid geopolitical tensions.
European Union countries paid an estimated 5.96 billion euros ($6.82 billion) for liquefied natural gas from Russia’s Yamal LNG project during the first six months of 2026, underscoring the bloc’s continued reliance on Arctic gas despite an impending ban on Russian LNG imports, according to analysis published on Monday.
World Politics Commodities Energy Shipping European Union Yamal LNG Russia Arctic LNG gas imports energy dependence