Cut off from Europe, Russia will have to rewire its Arctic gas trade
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An EU ban on Russian liquefied natural gas starting January 1, 2027, will force Moscow to redirect exports from its Yamal Arctic project toward Asia. Between January and October 2026, Europe imported 81 percent of Yamal's deliveries totaling €8.7 billion, and the upcoming ban will end long-term contracts, resulting in longer voyages, increased shipping costs, and potential shadow fleet workarounds.
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