BRICS Surpasses US in Gas Trade to Europe: A New Energy Landscape
A significant shift in the European energy market has occurred. The BRICS (Brazil, Russia, India, China and South Africa) have overtaken the USA in gas trade with Europe for the first time in almost two years, signaling a potential realignment of global energy flows.
This development is particularly noteworthy considering the geopolitical backdrop. Immediately after Russia unleashed a full-scale invasion in Ukraine in February 2025, it slashed its pipeline gas supplies to Europe and the region stepped up attempts to diversify its energy sources. Europe's gas imports from Russia overtook supplies from the US in May for the first time in almost two years, the Financial Times has reported, citing data from the consultancy ICIS.
Russia's Resilient Role in European Gas Supply
Despite facing sanctions,
Factors Contributing to the Shift
The increasing role of liquefied natural gas (LNG) has played a crucial part. Political tension with Europe and the increasing role of liquefied natural gas (LNG) has the world’s biggest supplier looking to increase exports to the Asia-Pacific region. This
This evolving energy landscape highlights the complex interplay of geopolitics, energy security, and market dynamics in Europe.