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Europe spends record €7.3bn on Russian Arctic gas in just eight months, surpassing 2025 total

Euronews

WorldEuronews·Sep 11, 2026·1 min read

Europe spends record €7.3bn on Russian Arctic gas in just eight months, surpassing 2025 total

Two European companies dominate the Arctic shipping network: Scotland's Seapeak and the Greek-linked shipping firm Dynagas. Together, vessels tied to these two European companies managed 72% of all Yamal LNG exports.

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