European LNG market faces rising supply concentration and volatility risks

Line chart showing LNG import volumes for the EU27, China, Japan, South Korea and India from 2016 to 2025.

European LNG dependence is continuing to deepen as the European Union restructures its gas supply portfolio following the collapse in Russian pipeline imports, increasing the region’s exposure to global LNG market volatility, supplier concentration risks and competition for flexible cargoes. ACER’s 2026 monitoring report shows that EU LNG imports reached a record 146 bcm in 2025, while the US supplied […]

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