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IEA Director says Europe should replace Russian LNG with Qatari supply from 2027
Published by Global Banking & Finance Review®
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
IEA director recommends Europe replace Russian LNG with Qatari supply by 2027, as the global LNG market tightens.
By America Hernandez
LONDON (Reuters) - European countries should consider replacing liquefied natural gas (LNG) imports from Russia with other sources beginning in 2027, the International Energy Agency director said on Tuesday.
Fatih Birol was speaking at the International Energy Week conference in London.
"Europe has been importing a lot of Russian LNG to help its economies," he said.
"It may be high time to replace this with LNG from Qatari and other sources from 2027," Birol added.
The global LNG market is expected to remain tight until 2027, when a wave of new projects in Qatar, the U.S. and elsewhere will bring fresh supply online.
In 2024 the European Union increased its imports of Russian LNG to reach about 20% of total LNG imports, up from 6% in 2023. The United States remained the top LNG supplier, accounting for 45% the EU's LNG imports last year, according to EU data.
(Reporting by America Hernandez, Writing by Charlotte Van Campenhout; Editing by Sudip Kar-Gupta and David Evans)
The article discusses the IEA director's suggestion for Europe to replace Russian LNG imports with Qatari supply by 2027.
To ensure stable energy imports as the global LNG market is expected to remain tight until 2027.
The US is the top LNG supplier to the EU, accounting for 45% of imports last year.
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