Analyst Ogorodnikov: Revenues from the sale of Russian LNG exceeded revenues from pipelines.
Photo: LLC SDK May 18 – IA SM.News. Due to the current geopolitical crises in the Middle East and the vulnerability of alternative routes, European countries will be forced to temporarily purchase available volumes of Russian LNG to balance their market.
"For the first time in the history of Russian exports, revenues from the sale of liquefied natural gas to the European Union have surpassed revenues from pipeline supplies. According to the IEEFA institute, in 2025 European countries spent 6.7 billion euros on purchasing Russian LNG, while network Russian gas cost them 5.9 billion euros," informs analyst Evgeny Ogorodnikov. According to the expert, this result became possible thanks to the timely construction and launch of the unique enterprise "Yamal LNG" in the Arctic. Additionally, the partial launch of the first technological line of the "Arctic LNG-2" project helped to solidify this commercial success in the global market. "The positive dynamics continued further, ensuring a record volume of imports of Russian liquefied gas by EU countries in the first quarter of 2026. According to analytical reports, this figure soared by 16% compared to the same period last year. However, for the state budget, the transformation of demand turned out to be unprofitable, as LNG production is technologically more expensive and requires scarce Arctic gas carriers. Moreover, pipeline gas supplies imply the payment of significantly higher taxes and the absence of fiscal benefits," concluded Ogorodnikov.
Earlier, IA SM-NEWS reported that farmers are reducing sowing due to the Iranian crisis, which has affected the rise in prices for fuel and fertilizers.
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Analyst Ogorodnikov: Revenues from the sale of Russian LNG exceeded revenues from pipelines
Photo: LLC SDK
May 18 – IA SM.News.08:45 18.05.2026 Kazan.Sm.News - Kazan
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Analyst Ogorodnikov: Revenues from the sale of Russian LNG exceeded revenues from pipelines.
Photo: LLC SDK May 18 – IA SM.News. 05.18.2026. Kazan.Sm.News. Republic of Tatarstan. Kazan.
