Spain's Russian LNG purchases fall in July but Russia stays third-largest supplier year-to-date

Quick summary

Spain's Russian LNG imports fell 2.9% year-over-year in July 2026, with Russia ranking fourth for the month but maintaining third place year-to-date at 18.3% of Spain's total supply. The decline continues a sharp downward trend from 2024–2025 levels, though Spain has not cut off Russian gas entirely.

Why it matters

Energy traders and EU market analysts track Spanish LNG sourcing as a barometer of European diversification away from Russian gas post-invasion. The sustained decline in volumes signals Europe's structural shift toward alternative suppliers while revealing Spain's pragmatic balance between sanctions and energy security. Price pressures in European gas markets can shift if major importers accelerate or reverse Russian sourcing patterns.

Key takeaways

• ›Spain imported 2,088 GWh of Russian LNG in July 2026, down 1.4% from 2,150 GWh in July 2025.
• ›Russia ranked fourth among Spain's LNG suppliers in July, behind Algeria (41.7%), Nigeria (15.4%), and the United States (11.6%).
• ›Russia supplied 39,443 GWh of LNG to Spain in the first seven months of 2026, representing 18.3% of total LNG intake and third-place ranking year-to-date.
• ›Full-year 2025 Russian LNG purchases totaled 42,629 GWh, a 41% decline from 72,360 GWh in 2024.