Europe ended reliance on Russian pipeline gas as total supply fell from 416 billion cubic meters in 2021 to 345 bcm in 2026. Russian volumes dropped from 155 bcm to roughly 35 bcm, with US LNG covering most of the shortfall while Qatar went from about 20 bcm to near zero. Figures compare EU sources for 2021 versus 2026 projections, including both pipeline and LNG for Russia. Data from Eurostat, Bloomberg, BloombergNEF via TMN.
2mo
Europe ended reliance on Russian pipeline gas as total supply fell from 416 billion cubic meters in 2021 to 345 bcm in 2026. Russian volumes dropped from 155 bcm to roughly 35 bcm, with US LNG covering most of the shortfall while Qatar went from about 20 bcm to near zero. Figures compare EU sources for 2021 versus 2026 projections, including both pipeline and LNG for Russia. Data from Eurostat, Bloomberg, BloombergNEF via TMN.
2mo
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