BRUSSELS — Fresh data and market analyses suggest that the European Union is on track to completely phase out imports of Russian liquefied natural gas (LNG) by 2027 — without causing a major shock to global prices. The shift is being driven by massive production expansions underway in both the United States and Qatar.
The move comes as part of a broader European decision to impose a full ban on Russian gas starting in early 2027, under a new sanctions package targeting Moscow amid its ongoing war in Ukraine.
The United States is planning to boost its LNG export capacity by more than 50 million tons per year, positioning itself as Europe’s dominant energy supplier in the years ahead. Meanwhile, Qatar is ramping up output by around 31 million tons through its North Field expansion project, one of the largest gas developments in the world.
According to energy companies and market forecasts, the U.S. share of European LNG supplies could climb to roughly 70% by the end of the decade. Analysts also expect a global supply surplus to emerge, reshaping trade flows and redirecting more shipments toward Asian markets.
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