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...

The Scandinavian and Baltic countries have been promoting the idea of a blockade of Mocovia's shadow fleet since at least the end of 2024. The northern countries are taking gradual steps to achieve this goal, as if slowly tightening the noose around the neck of the Russian shadow fleet...