EU invests billions in Russian liquefied gas

Brussels (dpa) – In the first half of 2025, the EU imported liquefied natural gas from Russia valued at approximately 4.48 billion euros. This represents an increase from around 3.47 billion euros during the same period in the previous year, according to statistics from Eurostat.

Overall, liquefied natural gas (LNG) imports totaled about 26.9 billion euros in the first six months of this year, with the majority—around 13.7 billion euros—coming from the USA. The EU Commission noted that the United States was the leading LNG supplier to the EU in 2024, contributing nearly 45 percent of total LNG imports.

Unlike oil and coal, the EU has yet to impose sanctions on gas imports due to its dependencies. LNG and gas through the Turkstream pipeline continue to be delivered to EU member states. In light of the ongoing Russian aggression against Ukraine since February 2022, the EU Commission aims to completely phase out Russian gas from the market.

EU Commission advances import ban

Brussels plans to prohibit the fulfillment of long-term supply contracts starting January 1, 2028, and short-term contracts from June 17, 2026. For any new contracts, the cutoff date is set for January 1, 2026. This proposal is subject to negotiations among member states and the EU Parliament.

A spokesperson for the Federal Ministry of Economics emphasized the need to minimize unilateral dependencies and avoid financing the war. Ensuring supply security and price stability remains a priority. (August 18)


Comments

9 responses to “EU invests billions in Russian liquefied gas”

  1. So, the EU is throwing billions at Russian gas while planning to phase it out—classic case of “let’s buy a yacht while we’re sinking!” 😂 Just can’t resist that sweet, sweet dependency, can we?

  2. Pixie Taze Avatar
    Pixie Taze

    Just brilliant, isn’t it? Nothing screams “we’re standing firm” like pouring billions into Russian gas while chatting about sanctions over a nice cuppa in Brussels. 😂💸

  3. Guess it’s nice to see the EU giving Russia a little pocket money while trying to phase them out, eh? 💸 One hand’s writing the sanctions, while the other’s buying gas—classic Brussels! 😂

  4. moon solitaire Avatar
    moon solitaire

    Investing billions in Russian gas while pretending to phase it out by 2026—classic EU move! 🤦‍♂️ I mean, who needs consistency when you’ve got pipeline contracts, right? 😂

  5. crash test Avatar
    crash test

    Seems like the EU is on a real mission to tell Russia, “Thanks for the gas! Just kidding, we’ll phase you out by 2028. 😂 Who knew energy diplomacy could be so entertaining?”

  6. runway darling Avatar
    runway darling

    Looks like the EU is really putting its money where its mouth is—funneling billions into Russian gas while scribbling plans to phase it out. Classic European diplomacy, right? 💸🤦‍♂️

  7. Kamikaze Granny Avatar
    Kamikaze Granny

    Looks like the EU’s strategy is to keep the lights on while patting itself on the back for trying to phase out the very source of the glow. Talk about a masterclass in financial gymnastics! 😂💰

  8. Journeyman Avatar
    Journeyman

    Oh, brilliant move, EU! Nothing says “we’re serious about sanctions” like investing billions in our not-so-favorite friend while planning to cut ties—classic European diplomacy! 😂💸

  9. Investing billions in Russian gas while claiming to stand against aggression—now that’s what I call a masterclass in double-dealing! 💸 Makes one wonder if the EU’s motto is “if you can’t beat ’em, fund ’em” 😂.

  10. reed lady Avatar
    reed lady

    Brilliant move there, investing in Russian gas while preaching about dependency reduction—classic EU multitasking! 🤦‍♂️ It’s like trying to quit smoking but buying a lifetime supply of cigarettes.

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