Gazprom: US LNG has tripled prices in Europe.

Gazprom: US LNG has tripled prices in Europe.

Kirill Polous, Deputy Chairman of the Russian energy company Gazprom, said on Tuesday that U.S. dominance in the liquefied natural gas market has driven prices in Europe to three times what they were when large volumes were supplied to the European market.

Speaking at the “LNG Summit for the Indian and Pacific Oceans” in Indonesia, Polous stressed that claims that LNG is more reliable than pipeline gas in Europe do not reflect reality.

He added: “Europe’s dependence on Russian gas was criticized in the past, but today 60% of Europe’s LNG imports come from the United States, and its share in Germany’s LNG imports has exceeded 90%.”

Before the outbreak of the war, Gazprom was the largest supplier of natural gas to Europe, with a market share of about 40% by 2022.

Due to Western sanctions, the company has lost a significant portion of its customers to other suppliers, such as the United States, Qatar, and Norway. Its exports to Europe fell to about 18 billion cubic meters in 2025, compared to 201.7 billion cubic meters in 2021.

United States

The United States of America is a country located in North America, founded in 1776 through the Declaration of Independence from the Kingdom of Great Britain. Throughout history, it has experienced significant territorial expansion and has become a global economic and cultural power. Today, the country is known for its ethnic diversity and symbols such as the Statue of Liberty and the White House.

Europe

Europe is a continent with a rich and diverse history, being the cradle of ancient civilizations such as the Greek and Roman. Over the centuries, it has witnessed major events, from the Renaissance and Enlightenment to the two world wars, which have profoundly shaped its culture and borders. Today, Europe is known for its impressive cultural heritage and its integration efforts through the European Union.

Indonesia

Indonesia is a country in Southeast Asia, consisting of thousands of islands, with a rich history marked by Hindu and Buddhist kingdoms, as well as Islamic and Dutch colonial influences. It became independent in 1945 after centuries of foreign domination, and today it is known for its cultural diversity, ancient temples such as Borobudur, and spectacular tropical landscapes.

Russia

Here is a brief summary in English about Russia, including historical information:

**Russia**, the largest country in the world, has a rich history, from the emergence of the state of Kievan Rus’ in the 9th century, to its transformation into the Russian Empire under Peter the Great, and later into the Soviet Union. Its cultural heritage includes masterpieces such as St. Basil’s Cathedral in Moscow and the Winter Palace in St. Petersburg, and places like the Golden Ring of historic cities and Lake Baikal attract visitors from around the world.

Moscow

Moscow, the capital of Russia, is a city with a rich history, founded in 1147 by Prince Yuri Dolgoruky. Over the centuries, it became the political and cultural center of the country, hosting iconic landmarks such as the Kremlin and Red Square. Today, Moscow is a modern city that blends historical architecture with contemporary urban development.

Germany

Germany, or the Federal Republic of Germany, is a country in Central Europe, with a rich and complex history marked by periods such as the Holy Roman Empire, the German Empire, the two world wars, and division during the Cold War. Today, it is known for its diverse culture, historic cities such as Berlin and Munich, and its major economic and political role in the European Union.

Qatar

Qatar is a country on the Arabian Peninsula, known for its wealth from oil and natural gas. Its modern history began in the 18th century when the Al Thani tribe founded the state, and in 1971 it became independent from Great Britain. Today, it is a global cultural and economic center, with the city of Doha as its main attraction, hosting art museums and international events.

Norway

**Norway** is a Nordic country renowned for its spectacular landscapes, with deep fjords, mountains, and the northern lights. Its history includes the Viking Age (8th-11th centuries), when Norwegian explorers traveled and settled in various parts of Europe, followed by centuries of union with Denmark and Sweden, until full independence in 1905.