Has Europe Kicked Its Addiction to Russian Natural Gas?

There is no denying that Kyiv has won a victory over piped Russian natural gas, with the expiration of the gas transit agreement that saw Russian gas flow to Europe via Ukraine. Before Russia invaded Ukraine in the spring of 2022, Russia had cornered more than 40% of the European gas market. Now, it’s under 15%. By 2027, the European Union is hoping to have zero Russian gas imports. In 2024, only 10% of Europe’s pipeline gas was Russian. But where does Russian LNG fit into this equation? Russian seaborne gas is not banned by Europe.…