Finance

Spain's LNG imports rise almost 20% from last year, with US as main supplier

Published by Global Banking & Finance Review

Posted on March 10, 2026

2 min read

· Last updated: April 1, 2026

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Spain's LNG imports rise almost 20% from last year, with US as main supplier
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March 10 (Reuters) - Liquefied natural gas from the United States made up 33.8% of Spain's total gas imports in February, as the country's gas imports rose almost 20% from the same month last year,

Spain LNG Imports Up 20% in February as US Overtakes Algeria as Top Supplier

Spain's LNG Import Trends and Key Suppliers in February

US Becomes Leading LNG Supplier to Spain

March 10 (Reuters) - Liquefied natural gas from the United States made up 33.8% of Spain's total gas imports in February, as the country's gas imports rose almost 20% from the same month last year, data showed on Tuesday.

The U.S. has become Europe's dominant supplier of LNG as the region pushed to phase out energy imports from Russia in the wake of its invasion of Ukraine.

Spain's February Gas Import Volumes

Overall Import Growth

In February, Spain imported the equivalent of 31,422 gigawatt-hours (GWh) of gas, sharply up from the 26,318 GWh it imported a year earlier, according to data from Spanish gas grid operator Enagas.

Breakdown by Country of Origin

United States

Spain imported 10,612 GWh of gas from the United States, while Algeria, traditionally Spain's largest gas supplier, which mostly pumps gas directly to Spain through pipelines, was the second biggest supplier with 9,151 GWh of gas, about 29% of the total imported.

Algeria

Algeria, traditionally Spain's largest gas supplier, was the second biggest supplier with 9,151 GWh of gas, about 29% of the total imported.

Russia

Natural gas imports from Russia accounted for 14.6% of supply in February, declining roughly 52% in absolute terms from a year ago.

Reporting Credits

(Reporting by Joao Manuel Mauricio in Gdansk; Editing by Emma Pinedo)

Key Takeaways

  • Spain’s total gas imports in February 2026 stood at 31,422 GWh, up from 26,318 GWh in February 2025, marking an almost 20% increase (english.news.cn).
  • The U.S. supplied 10,612 GWh of LNG, representing 33.8% of Spain’s imports, making it the top supplier ahead of Algeria’s 9,151 GWh (around 29%) (english.news.cn).
  • Russian gas imports accounted for 14.6% of Spain’s total in February, falling roughly 52% in absolute terms compared to a year earlier (elpais.com).
  • In 2025 overall, U.S. LNG made up about 30% of Spain’s total gas imports—up from 16.6% in 2024—highlighting a rapid shift in supplier dynamics (gasprocessingnews.com).
  • This trend mirrors a broader EU shift: U.S. LNG accounted for roughly 57–60% of Europe’s total LNG imports in early 2026, underscoring growing transatlantic energy dependence (ieefa.org).

References

Frequently Asked Questions

How much did Spain's LNG imports increase in February compared to last year?
Spain's LNG imports rose nearly 20% in February compared to the same month last year.
Who is Spain's largest LNG supplier as of February?
The United States became Spain's largest LNG supplier in February, providing 33.8% of total imports.
How much LNG did Spain import from the US in February?
Spain imported 10,612 gigawatt-hours (GWh) of LNG from the United States in February.
How has Russian gas supply to Spain changed?
Natural gas imports from Russia accounted for 14.6% of Spain's supply in February, declining roughly 52% from a year earlier.
Who was the second largest gas supplier to Spain in February?
Algeria was the second largest gas supplier, delivering 9,151 GWh, about 29% of Spain's imports.

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