Naturgy warns $13 billion in Russian LNG purchase commitments may be hit by EU ban

Naturgy Energy

25/02/2026 15:52

MADRID, Feb 25 (Reuters) - Spain's Naturgy has 10.95 billion euros ($13 billion) in Russian liquefied natural gas purchase commitments that may be affected from 2027 by a European Union ban on Russian LNG, its annual report showed.

This amount represents less than a quarter of its total commitments for energy purchases, which it estimates at roughly 45.13 billion euros.

The Spanish power utility entered into a long-term contract with Yamal LNG in 2013 to import LNG from Russia, which includes take-or-pay clauses for 38 terawatt-hours per year through 2041, according to the report.

Last year, this contract represented roughly 16% of its total supply, in line with 2024.

A spokesperson for Naturgy declined to comment.

($1 = 0.8475 euros)

 (Reporting by Pietro Lombardi; Editing by David Latona)

 ((Pietro.Lombardi@thomsonreuters.com;))