Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to TASS on the European Commission's plans to completely abandon Russian gas by the end of 2027.
According to Belogoryev, in 2025 Russia can supply 13 billion cubic meters of pipeline gas and about 19 billion cubic meters of LNG to Europe, totaling 32 billion cubic meters, which is a fairly significant indicator."In terms of the impact of margins, this is in any case a negative factor for the EU, because the lower the supply, the higher the prices. This is the law of the market. At the same time, Russian gas, due to the fact that its supply was practically unlimited, for many years played a key role for the EU in keeping average annual gas prices low," Alexey Belogoryev said. The abandonment of spot gas supplies from Russia by the end of 2025 may have the greatest impact on prices in the region in the near heating period.
"This volume can be replaced by LNG. It will mainly be American LNG, but it will become possible starting in the spring of 2026. Something can be brought in by the end of this year, but mostly replacement will be possible in the spring or summer of 2026," he said. However, in the absence of Russian gas supply, the price factor will have an impact on the market for at least the next 5-7 years.
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