Overview
- U.S. cargoes supplied about 57% of EU LNG in 2025, with IEEFA projecting the share could reach up to 80% by 2030.
- EU demand for Russian gas has fallen by roughly two-thirds since 2022 as Norway became the top piped supplier and Washington signaled LNG exports to the EU could reach 50 bcm annually by 2030.
- Long-term deals are expanding: Atlantic-See LNG aims to secure up to 15 bcm a year for 20 years via Greece after signing with Venture Global, while Germany’s SEFE holds a separate 20-year Venture Global contract.
- A July 2025 U.S.-EU trade deal commits Europe to purchase $750 billion of American energy annually by 2028, a scale critics say heightens exposure to a single seller.
- The EU plans to fully end ongoing Russian gas imports in late 2027, even as new LNG terminals and pipelines typically require two to three years to build.