Media: Russian LNG imports to Spain hit record high in March

Imports of Russian LNG into Spain reached a record level in March, data from energy company Enagás confirmed.

The volume of liquefied natural gas (LNG) supplies from Russia to Spain increased sharply during the month, reaching historic highs amid shifts in the global energy market and a broader reconfiguration of supply flows, El Pais reports.

According to Enagás figures, Spain imported the equivalent of 9,807 GWh of LNG from Russia in March, accounting for 26.1% of total imports. This represents a 123% increase compared to March 2025, when imports stood at 4,393 GWh. The publication notes that this is the highest monthly volume of Russian LNG ever recorded, surpassing even the levels seen in 2023 during the energy crisis triggered by elevated prices.

The increase is partly attributed to developments in the Strait of Hormuz, which have prompted some importers to seek alternative energy sources. Companies and countries reliant on gas flows from the region are reportedly exploring substitutes, while disruptions and attacks on energy infrastructure have led some suppliers to scale back exports. Russian LNG has also become more competitive in price compared to other alternatives.

Spain’s role as a major gas storage hub has further contributed to the trend. The country operates six regasification plants, enabling international traders to purchase Russian LNG and store it in Spain, not necessarily for domestic consumption. Sources cited by the newspaper also point to additional factors, including rising gas demand within Spain itself.

Earlier, Enagás reported that Spain imported 42,629 GWh of Russian LNG last year, compared to 72,360 GWh in 2024. By 2025, Russia had become the third-largest supplier of LNG to the country.

By Vafa Guliyeva