# Montel: EU Russian LNG ban from 1 January risks adding to UK price rise as EU still bought 6.42m tonnes

> 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.

- Date: 2026-11-15 · published 2026-11-15T06:11:45.458Z
- Category: geopolitics · region EU · magnitude medium
- Page: https://feedsoft.ai/events/100779-montel-eu-russian-lng-ban-from-1-january-risks-adding-to-uk-price-rise-as-eu
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-05-25 | [LNG prices to stay elevated as Russia-Ukraine war bites: Woodside CEO \| S&P Global](https://feedsoft.ai/events/41575-lng-prices-to-stay-elevated-as-russia-ukraine-war-bites-woodside-ceo-s-and-p.md) | -2.8% | -27.7% |
| NATGAS | 2022-02-24 | [European gas prices soar and oil tops $105 after Russia attacks Ukraine](https://feedsoft.ai/events/42882-european-gas-prices-soar-and-oil-tops-105-after-russia-attacks-ukraine.md) | +2.2% | +13.9% |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |
| NATGAS | 2025-10-22 | [US hits top Russian oil companies with sanctions, EU bans Russian LNG \| Reuters](https://feedsoft.ai/events/8128-us-hits-top-russian-oil-companies-with-sanctions-eu-bans-russian-lng-reuters.md) | +0.5% | +19.1% |
| NATGAS | 2022-03-17 | [Russian gas export ban could see big fertilizer price hike \| The Western Producer](https://feedsoft.ai/events/42214-russian-gas-export-ban-could-see-big-fertilizer-price-hike-the-western-producer.md) | +11.3% | +45.0% |

## Sources

- energyreader.io: https://energyreader.io/brief/19116

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.