EU's gas imports from Russia fall to 70%

Europe's natural gas imports from Russia decreased by about 70% to below 100 million cubic meters per day in July compared to the same month of last year.

Imports dropped to 100 million cubic meters as of July 2022 from about 300 million cubic meters of gas per day in July last year.

The IEA further predicts a decrease below 80 million cubic meters in the coming months.

European countries imported on average approximately 400 million cubic meters of gas per day from Russia during the January to July period last year, but imports dropped to 240 million cubic meters per day for the January-July period this year.

A significant part of EU sanctions imposed on Russia following the Russia-Ukraine war included steps to reduce dependence on fossil fuel imports from Russia.

The EU aims to completely cut oil imports from Russia by the end of the year while reducing natural gas imports by two-thirds.

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