Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, commented to the Internet portal Pravda.ru about the EU's expected abandonment of long-term gas contracts after 2049.
Alexei Gromov believes that after 2049 there will be no new long-term contracts for the supply of natural gas to Europe. In his opinion, such a scenario may well become a reality. This is how the expert commented on the statement of Bloomberg analysts in a conversation with Pravda.Ru.
Gromov noted that long-term gas contracts are the basis for gas cooperation between Russia and Europe. At the same time, most of them expire after 2030, which is why there may not be contracts after 2049. In addition, he added that Europe is moving towards low-carbon development and the phase-out of natural gas in favor of other energy sources.
"Of course, we would not be interested in such a development of events. But, on the other hand, we must understand that given the climate agenda that dominates European energy policy today, this should probably be expected," Gromov said
Subscribe for updates
and be the first to know about new publications