The EU’s current strategy aims to phase out Russian gas entirely by 2027
Will Russian gas ever return?
Views on the longer-term future of the pariah state’s gas resources are divergent
Russian pipeline gas is unlike Russian oil in that reduced volumes to Europe cannot simply be diverted to other destinations, owing to the logistical constraints of moving the commodity. So, once eastern routes to China are maxed out, supply not delivered west is lost to the global market. The EU’s current strategy is to reduce its reliance on Russian gas as quickly as possible, while committing to phasing out such supplies entirely by 2027. But the Putin regime’s appetite to weaponise gas deliveries to try to break European unity on opposition to its murderous Ukraine invasion has outstripped even its former largest customer’s timetable for weaning itself off Russian supply. This disconnect
Also in this section
8 December 2023
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
8 December 2023
Insisting that profitability must be maintained as energy companies transition from fossil fuels to clean fuels has enabled Repsol to ratchet up its climate neutrality ambitions, making the company an industry leader.
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
