De-Russification Stalls: Moscow’s Share of EU Gas Imports Climbs Back to 13% as Soaring U.S. Gas Prices Now the #1 Risk to American LNG

The explosive growth of AI and data centers—far from being just a bullish demand story—may paradoxically become one of the largest medium-term risks to the U.S. LNG export sector. (with 6 charts)

Dec 08, 2025

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As of 30 November 2025, EU natural gas storage levels had fallen to 75.35%, compared with 82.8% at the end of October, reflecting the intense start to the 2025–2026 heating season (which usually begins in late October). At this point, inventories now sit below the five-year average, as illustrated in Figure 1.

De-Russification Stalls: Moscow’s Share of EU Gas Imports Climbs Back to 13% as Soaring U.S. Gas Prices Now the #1 Risk to American LNG

The explosive growth of AI and data centers—far from being just a bullish demand story—may paradoxically become one of the largest medium-term risks to the U.S. LNG export sector. (with 6 charts)

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