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U.S. Becomes Top LNG Supplier to Europe Amid Crisis

2/23/2026

45 7 Full Breakdown

Summary

Story summary

In February 2026, the United States supplied 57% of Europe’s liquefied natural gas, totaling 8.05 million tons.
The shift followed a reduction in Russian pipeline gas amid the Ukraine conflict.
Russian LNG imports fell but remained Europe’s second-largest supplier.
Asian LNG spot prices fell to $10.60 per MMBtu as U.S. supply stayed strong.
Europe’s LNG imports are forecast to reach 14.20 million tons in February due to winter demand.

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Story summary

In February 2026, the United States supplied 57% of Europe’s liquefied natural gas, totaling 8.05 million tons.
The shift followed a reduction in Russian pipeline gas amid the Ukraine conflict.
Russian LNG imports fell but remained Europe’s second-largest supplier.
Asian LNG spot prices fell to $10.60 per MMBtu as U.S. supply stayed strong.
Europe’s LNG imports are forecast to reach 14.20 million tons in February due to winter demand.