Trump’s Russia tariffs could threaten to deepen Europe’s LNG squeeze

The European Union is facing the risk of a renewed LNG squeeze due to US President Donald Trump's Russia sanctions, which could disrupt gas flows from Russia. Signed into law by Trump, the Lindsey Graham Sanctions Act allows for 100% tariffs on countries purchasing Russian oil or natural gas, particularly China and India. While the law does not automatically impose tariffs on the EU, it creates a new risk for European governments and companies exposed to Russian gas.

The EU is already struggling to refill its storage levels to at least 80% by November, with winter gas storage at its lowest level since 2011. Fierce competition from Asian bidders is also leaving Europe behind. EU officials are hopeful that the sanctions will not harm European partners, but trade experts warn that the move could create friction with countries still exposed to Russian gas, such as France, Belgium, the Netherlands, and Spain.

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