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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
