Investing.com — The European Union (EU) has seen an increase in its imports of liquefied natural gas (LNG) from Russia in the first two weeks of 2025, according to data from Kpler.
The 27 member states of the EU imported approximately 838,000 metric tons of LNG from Russia from January 1 to January 15. This is an increase compared to the same period in 2024, when around 760,000 tons were imported, indicating Europe’s continued reliance on Russian energy.
While European gas prices have decreased since exceeding 50 euros a megawatt hour earlier in January, they are still supported by dwindling inventories and supply worries following the expiration of a transit agreement between Russia and Ukraine.
EU storage levels stand at 63% full and continue to decrease rapidly. Analysts suggest that Europe will need to increase its LNG imports to meet its storage goals for the year.
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This post is originally published on INVESTING.
