Two-thirds of Europe's LNG imports to come from the US this year

Europe’s reliance on American liquefied natural gas is set to increase further next year as the EU continues efforts to phase out Russian fossil fuel imports, according to new analysis published by the IEEFA on Wednesday.

The report estimates that the US could supply close to two-thirds of Europe’s LNG imports in 2026, reinforcing Washington’s dominant position in the continent’s gas market after Russia’s invasion of Ukraine and the Iran war reshaped global energy flows.

According to IEEFA, the US already accounted for 57% of Europe’s LNG imports in 2025, a sharp increase compared with pre-war levels.

The organisation warned that the share could continue rising over the coming years if current import trends persist and additional long-term supply contracts enter into force.

The findings come as most European governments seek to fully eliminate Russian gas imports by 2027 under the European Commission’s REPowerEU strategy.