Europe runs out of gas

Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to Kommersant FM on natural gas supplies to the EU.

Technically, Gazprom, even if it wanted to, would not be able to quickly increase supplies through Ukraine, not to mention the fact that both countries are litigating over violations of transit conditions, Sergey Kondratiev says. Therefore, only LNG from the US or Australia can compensate for Russian gas, he says:

“As for Ukraine, there remains a lot of political uncertainty, and Gazprom has already dismantled some of the capacity at compressor stations. It will not be able to radically increase the flow of gas through the Sudzha, through which 160 - 180 million cubic meters of gas were supplied in past years. Therefore, LNG shipments remain the main factor. The possibilities of delivery by pipeline transport are practically exhausted.”