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Europe’s Energy Shock: Rising Prices in the Post-Russia Era

The 19th package of EU sanctions against Russia, adopted on 19 September 2025, targets gas imports. Currently, about 18–19% of the EU’s gas imports (pipeline and LNG) still come from Russia. If this share is cut off, it will have to be replaced by supplies from other countries — at an estimated 30–50% higher cost due to liquefaction, shipping, and regasification.

On 9 September 2025, the EU adopted its 19th package of sanctions against Russia, banning gas imports. While dependence has fallen, Russia still supplies about 18–19% of EU gas. Replacing this share means turning to LNG from the U.S., Qatar, or Norway — at 30–50% higher cost due to liquefaction, shipping, and regasification. Households will face persistent pressure on energy bills, while industries risk losing competitiveness. Countries with renewables or nuclear, like France and Sweden, are better shielded; others remain vulnerable. The move strengthens Europe’s energy security but at the expense of higher short-term electricity prices.

By eEuropa

7 MINUTES READ

On 19 September 2025, the European Union adopted its 19th package of sanctions against Russia, this time targeting natural gas imports. While Russian gas now makes up less than 20% of EU supply, replacing it with more expensive alternatives will inevitably add pressure to energy costs. Yet this is only part of a larger story.

From 2020 to 2024, Europe’s energy landscape was transformed: electricity prices for households and industry surged, profit margins in the power sector shifted, and the reliance on costly imports — especially LNG from the United States — reshaped the way energy is priced and consumed. For many households, this meant record-high utility bills. For industry, it meant thinner margins and a renewed debate about competitiveness.

This article explores those trends — production, prices, and costs — to show how Europe’s energy bill has changed, and what it means for both consumers and businesses.

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Europe’s Energy Shock: Rising Prices in the Post-Russia Era — Premium

Executive overview for decision-makers: 2020–2024 electricity prices (households vs industry), US LNG/import premiums, profit margins, and 2025–2030 scenarios.

Household & industrial prices Country rankings (EU-27) Import cost premiums (LNG/Oil) Profit margins & policy

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This Preview intentionally omits live charts, active legal/data links, and country tables. Full access in the Premium version after free registration.

At a glance. Electricity prices surged in 2022 and eased in 2023–2024, but remain above pre-2020 levels. Import premia (LNG/oil) and national tax/levy structures explain much of the variance across EU-27.

Highlights: household vs industrial €/kWh trends; top/bottom countries; import cost breakdowns (liquefaction, shipping, regas); utilities’ profit margins 2023–2024; forward risk scenarios. Links and datasets are disabled in this preview.

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