HomeMediaLatest NewsAt war as at war: Europe has found an alternative to Russian gas

At war as at war: Europe has found an alternative to Russian gas

17 May 2024

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the Prime news agency on the position specifics of Norway and other gas suppliers in the European market.

"Norway is perceived as the energy rear of Europe. The EU's attitude towards Russian gas imports in the 1990s and 2010s was about the same, although over time it became more and more wary. Otherwise, neither Russia nor Norway would have occupied dominant shares in this market," Alexey Belogoryev says.

"For the EU, this is not the rear, but the front. If the European authorities at least partially succeed in implementing plans to radically reduce gas consumption (to 240-260 billion cubic meters per year by 2030 against 330 billion in 2023), then in addition to Russian pipeline gas, LNG imports will be reduced," the analyst believes.

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