EU LNG Imports Reach Record Levels from Russia's Jamal Project
In early 2026, the EU's LNG imports surged due to the Jamal project, totaling €3.88 billion for the first four months. This dependency on Russian supplies raises concerns over energy security as geopolitical tensions continue to affect global LNG flows.
Theia Market Signal Identification - AI AssistedThe EU imported 6.69 million tons of LNG from Russia's Jamal project from January to April 2026, marking a record volume since the project's inception in 2017. This accounted for 98% of the Jamal exports, indicating a high dependence on Russian gas amidst disruptions caused by conflicts in the Middle East and the closure of the Strait of Hormuz.
The EU received 91 shipments during this period, with significant arrivals at the Zeebrugge LNG terminal in Belgium. Analysts noted that without European infrastructure, Jamal's annual capacity could drop from 270 shipments to approximately 120-130. In March, the EU stockpiled LNG ahead of new restrictions on short-term Russian contracts that took effect on April 25.
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