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Europe's LNG Dependency Soars Amid Winter Supply Crisis

10/8/2025

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Summary

Story summary

Europe will import up to 160 LNG cargoes this winter due to low storage and reduced pipeline flows from Russia and Algeria.
LNG will account for 48% of EU gas supplies this year, up from 23% in 2021.
EU dependence on U.S. gas is rising; U.S. LNG exports are expected to supply about 70% of Europe’s needs by 2026-2029.
Storage sits at 82.75% capacity, down from 94.32% last year, and analysts warn it could fall to 29% by March 2026.

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Story summary

Europe will import up to 160 LNG cargoes this winter due to low storage and reduced pipeline flows from Russia and Algeria.
LNG will account for 48% of EU gas supplies this year, up from 23% in 2021.
EU dependence on U.S. gas is rising; U.S. LNG exports are expected to supply about 70% of Europe’s needs by 2026-2029.
Storage sits at 82.75% capacity, down from 94.32% last year, and analysts warn it could fall to 29% by March 2026.