Analytics | Europe

In three and a half years of war, the EU has reduced its imports of Russian gas (pipeline and LNG) from 45% in 2021 to 13% in the second quarter of 2025. This dynamic not only weakens the financial basis of Russian aggression, but also highlights how Europe, despite growing LNG imports from the US (45% of 100+ billion m³ in 2024), is balancing between urgent replacement and long-term sustainability...