Russian gas
Coverage of Russian gas in the Nexus archive.
- EU countries clinch deal on Russia sanctions
EU countries agreed on a 21st sanctions package against Russia, resolving a dispute over a proposed ban on shipping Russian gas to third countries by creating a limited exemption for pre-invasion contracts. The bloc also froze its price cap on Russian crude oil at $44.10 a barrel for 12 months, while Greece had resisted the gas export restriction.
- Spanish import hub urges EU to delay ban on Russian gas
A Spanish import hub is urging the EU to delay a ban on Russian gas. LNG shipments to the bloc have increased following the Middle East war.
- TANVI RATNA: How the war in Iran realigned Europe's energy future around America
Europe reduced Russian gas imports by 87% between 2021 and 2025, shifting toward American LNG and other suppliers. A 2026 regional conflict disrupted the Strait of Hormuz, causing energy prices to surge and threatening European gas storage stability.
- European Natural Gas Falls Amid Limited Trading in Asian Hours
European natural gas prices declined due to limited trading activity during Asian hours. Germany launched its first state-chartered LNG vessel to replace Russian gas amid an energy crisis and severe cold weather. The Wilhelmshaven LNG Terminal, operated by Uniper SE, is central to this effort.