Russian LNG exports to Europe remained resilient in April 2026 despite sanctions pressure and lower overall export volumes, as renewed geopolitical tensions triggered fresh volatility across global gas markets and reinforced Europe’s continued exposure to LNG price shocks.
Russia’s overall fossil fuel export revenues rose 4% month-on-month during April, while LNG revenues jumped by 25% as strong Asian and European demand continued to support cargo flows.
EU member states still accounted for the majority of Russian LNG cargoes arriving during the month, with France remaining the bloc’s largest importer and Belgium also increasing purchases.
At the same time, China and Japan sharply increased imports of Russian LNG, underlining continued global demand for Russian cargoes despite tighter sanctions measures.
The analysis also points to renewed Middle East tensions and disruptions linked to the Strait of Hormuz as a key driver behind higher European gas prices in recent months.
Although Europe remains exposed to LNG market volatility, growing renewable generation is helping reduce sensitivity to gas price shocks compared with the 2022 energy crisis.
Despite ongoing efforts to reduce dependence on Russian energy, the EU remained Russia’s largest LNG buyer in April 2026, highlighting the continued role of Russian gas in the European market.
Source and original article: CREA
