{
  "id": 19668410,
  "title": "EU Imports of Russian LNG Top 2025 Value Ahead of January Ban",
  "url": "https://urgent.news/2026/11/12/eu-imports-of-russian-lng-top-2025-value-ahead-of-january-ban",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T15:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/EU-Imports-of-Russian-LNG-Top-2025-Value-Ahead-of-January-Ban.html"
  },
  "original_language": "en",
  "account": "The European Union has already spent more money on importing Russian liquefied natural gas (LNG) than it did for the entire year of 2025, with only a month and a half remaining until a full EU ban on Russian LNG imports is set to take effect on January 1, 2027, according to German environmental group Urgewald. Between January and October, the EU paid up to $9.6 billion (8.7 billion euros) to import gas from the Russian Yamal LNG project, surpassing the estimated $8 billion (7.2 billion euros) spent on Russian LNG throughout all of 2025, as per Urgewald's calculations based on vessel-tracking data from Kpler. The EU's expenditures on Russian LNG imports have already exceeded 21% of the projected total for 2025, as reported by TradeWinds. With only around 50 days left before the full ban on Russian LNG imports, Europe has been paying higher prices for LNG because of the ongoing Iran war and the closure of the Strait of Hormuz, which disrupted Qatar's LNG supply and caused benchmark LNG and natural gas prices to surge in Europe and Asia. In October, Russia's LNG export revenues from unloaded cargoes increased by 3% to $85 million (77 million euros) per day, while volumes decreased by 4% compared to the previous month. However, loaded Russian LNG volumes rose by 5% in October due to higher loadings from Russia's Yamal LNG and the sanctioned Arctic LNG 2 project, which more than compensated for a 13% decline at Kamchatka and halted loadings at Portovaya and Murmansk. The EU remained the largest purchaser of Russian LNG in October, accounting for nearly half (47%) of Russia's total LNG exports, followed by China (26%), Japan (18%), and South Korea (6%), according to the analysis.",
  "summary": "The EU has already paid more to import Russian LNG than it did for the whole of 2025, with a month and a half left until the full EU ban on imports of liquefied natural gas from Russia, German campaign group Urgewald said on Thursday. Between January and October, the EU paid as much as $9.6 billion (8.7 billion euros) to import gas from the Russian Yamal LNG project, according to Urgewald’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}