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Author: David Callanan

Stacked bar chart showing top-5 EU regions by value of Russia's fossil-fuel purchases in April 2026, in billions of EUR, broken down by LNG (peach), Pipeline gas (orange), and Crude oil (purple). France has the highest total, followed by Hungary, Belgium, Slovakia, and Spain; each bar aggregates the three fuel types to show overall expenditure per region. Source line visible beneath.

Russian LNG exports to Europe remain resilient as gas market tensions intensify

Line chart of negative European storage injection spreads from Apr 1 to May 11, 2026, fluctuating roughly -1 to -2.5 €/MWh.

European gas storage injections slow as summer-winter spreads turn negative

European LNG imports comparison under S15 stress scenario versus base case for Belgium, France and the Netherlands

Dutch role as a redistribution hub in the European gas market

European gas storage injections chart showing 20% year-on-year decline since April 2026 compared to five-year average levels

European gas storage injections lag as negative seasonal spreads slow filling

European gas infrastructure in winter at sunrise

European energy policy shifts towards homegrown supply as crisis exposes limits of coordination

Yamal LNG export routes to Europe and Asia via Northern Sea Route and Suez Canal

European energy policy paradox: Russian LNG exports hit record highs amid Hormuz supply shock

Line chart showing weekly changes in European gas storage levels (bcm/week) for 2025 and 2026, with a 5-year average; vertical markers indicate Start of Q3 and Start of Q4.

European gas storage injections off to a slow start

Time-series line chart showing percentage variation from seasonal demand expectations from late Feb to mid-Apr 2026, with an orange filled area under the line and values swinging above and below zero.

European gas demand falls amid mild weather, easing LNG market pressure

Chart showing European electricity prices with Italy and Germany higher due to gas dependence compared to France and Spain

European electricity prices remain tied to gas exposing power markets to geopolitical risk

Line chart showing European gas in storage compared with previous years, with 2026 levels below 2025 and well below 2023 and 2024 through early April.

European gas demand and Europe’s LNG vulnerability after winter 2025–26

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