https://en.sputniknews.africa/20250629/anti-russian-sanctions-push-average-eu-gas-prices-up-150-in-last-four-years-1074852802.html
Anti-Russian Sanctions Push Average EU Gas Prices Up 150% in Last Four Years
Anti-Russian Sanctions Push Average EU Gas Prices Up 150% in Last Four Years
Sputnik Africa
MOSCOW (Sputnik) - The main reason for gas prices surge is the EU's reorientation towards liquefied natural gas (LNG) amid sanctions against Russia. 29.06.2025, Sputnik Africa
2025-06-29T08:42+0200
2025-06-29T08:42+0200
2025-06-29T08:42+0200
russia
european union (eu)
liquefied natural gas (lng)
international
prices
europe
sanctions
anti-russian sanctions
gas
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The price of gas for the European Union has increased 2.5-fold since the introduction of large-scale sanctions against Russia — in just four years, from 2021 to 2025, it has increased twice as much as in the previous 20 years, according to Sputnik's calculations based on Eurostat data. Thus, in April 2021, the average price of a thousand cubic meters of gas for the EU was 206 euros, and it rose to 523.5 euros in April of this year. At the same time, over the previous four years, the increase in the price of this type of fuel in the EU was only 1.7%: in April 2017, a thousand cubic meters could be purchased for only 202.5 euros. Twenty years ago, in mid-spring 2000, a thousand cubic meters cost the EU 123.9 euros. In 2021, LNG accounted for only a third of all purchases by the union, but in 2025 it was already just slightly less than half. At the same time, the price of importing this type of fuel over the past four years has increased to 645.5 euros from 257 euros. The price of pipeline gas is still lower than liquefied gas — 417 euros. In 2021 the EU bought a thousand cubic meters of pipeline gas for only 178.7 euros. Thus, EU spending on gas in April 2025 increased to 8.05 billion euros from 3.5 billion four years earlier, despite the fact that import volumes decreased by 8.5% to 15.4 billion cubic meters.
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russia, european union (eu), liquefied natural gas (lng), international, prices, europe, sanctions, anti-russian sanctions, gas
russia, european union (eu), liquefied natural gas (lng), international, prices, europe, sanctions, anti-russian sanctions, gas
Anti-Russian Sanctions Push Average EU Gas Prices Up 150% in Last Four Years
MOSCOW (Sputnik) - The main reason for gas prices surge is the EU's reorientation towards liquefied natural gas (LNG) amid sanctions against Russia.
The price of gas for the European Union has increased 2.5-fold since the introduction of large-scale sanctions against Russia — in just four years, from 2021 to 2025, it has increased twice as much as in the previous 20 years, according to Sputnik's calculations based on Eurostat data.
Thus, in April 2021, the average price of a thousand cubic meters of gas for the EU was 206 euros, and it rose to 523.5 euros in April of this year.
At the same time, over the previous four years, the increase in the price of this type of fuel in the EU was only 1.7%: in April 2017, a thousand cubic meters could be purchased for only 202.5 euros. Twenty years ago, in mid-spring 2000, a thousand cubic meters cost the EU 123.9 euros.
In 2021, LNG accounted for only a third of all purchases by the union, but in 2025 it was already just slightly less than half. At the same time, the price of importing this type of fuel over the past four years has increased to 645.5 euros from 257 euros.
The price of pipeline gas is still lower than liquefied gas — 417 euros. In 2021 the EU bought a thousand cubic meters of pipeline gas for only 178.7 euros.
Thus, EU spending on gas in April 2025 increased to 8.05 billion euros from 3.5 billion four years earlier, despite the fact that import volumes decreased by 8.5% to 15.4 billion cubic meters.
