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Analysts told Montel that Britain will compete with EU buyers for price-setting LNG cargoes when the EU-wide ban on Russian LNG takes effect on 1 January. EU Russian LNG imports have fallen only 1.2% to 6.42m tonnes since the short-term contract ban began in April.
Urgewald estimates the EU paid up to $9.6 billion for Yamal LNG from January to October, about 21% above its 2025 total.
Most volume scheduled to exit on 1 January is still arriving, and the removal of Russian cargoes from the market could tighten global LNG supply and lift gas prices, raising energy and fertilizer costs for feed production.
energyreader.ioEnergyReader NewsroomNov 15, 2026After 141 past bullish geopolitics events, Natural Gas moved a median +3.2% over 5 sessions (64% higher; middle half -1.8% to +9.9%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
