"European governments have been accused of fuelling Vladimir Putin's war in Ukraine as new data shows the Kremlin earned an estimated 7.2bn (6.2bn) last year from exporting its liquefied natural gas (LNG) to the EU. Brussels has pledged to ban imports of Russian LNG natural gas that is supercooled to make it easier to transport by 2027 but an analysis suggests there is yet to be any letup in the vast quantities being received at European ports from Russia's LNG complex on the Yamal peninsula in Siberia."
"One of the two European shipping companies who are said to form the logistical backbone for Yamal LNG is Seapeak, which is based in the UK. The latest analysis suggests Seapeak transported 37.3% of Yamal LNG on its ships, while Greece's Dynagas transported 34.3%. The two companies have been contacted for comment. Eleven of the 14 specialist ice-breaking Arc7 tankers that transport LNG from Yamal are owned by Seapeak, which is owned by the American investment firm Stonepeak, and Dynagas."
Russia's Yamal LNG exported over 15 million tonnes to EU terminals in 2025, generating an estimated €7.2bn for the Kremlin. The EU's share of global shipments from Yamal rose to 76.1% in 2025, up from 75.4% in 2024. Brussels has pledged to ban imports of Russian LNG by 2027, but large volumes continue to arrive via Arctic routes. Europe significantly reduced pipeline gas from Russia, yet reliance on Russian LNG increased, especially in central and eastern Europe. Seapeak transported 37.3% and Dynagas 34.3% of Yamal LNG, and 11 of 14 Arc7 ice-breaking tankers are owned by those companies. The UK plans to transition toward a ban on maritime services for vessels carrying Russian LNG.
Read at www.theguardian.com
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