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U.S. Exports to Europe Surge as Continent’s Pipeline Imports Fall, Asian Prices Still Weak

Natural Gas Intelligence · last updated

Europe’s pipeline imports continued to fall last year as increasing amounts of U.S. LNG entered the continent to displace Russian supplies in a trend that’s expected to continue.

Aerial view of the Eemshaven LNG Terminal in the Netherlands, showing floating storage and regasification units docked at the port, with LNG infrastructure, wind turbines and the North Sea coastline in the background, highlighting Europe’s natural gas import capacity.

At A Glance:

  • More LNG is being imported than pipeline gas
  • Pipeline imports declined last year
  • European LNG imports hit record in 2025

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