... processing and production Gazprom is actively developing the production of liquefied natural gas (LNG) to expand export opportunities in markets not accessible via pipelines. Baltic LNG Project: A new plant being built on the Baltic Sea coast will increase LNG production. The plant is focused on gas supplies to Europe and Asia, which will strengthen the company's position on the international market. Orenburg Gas Processing Plant: The expansion of the plant will increase gas processing and the production of petrochemical products, such as liquefied petroleum ...

... countries like Austria and Hungary, which heavily rely on these supplies. 2. Instability in Global Energy Markets Global instability in energy markets has led to sharp fluctuations in gas prices and a reduction in available supplies. Competition for LNG has intensified due to high demand in Asia, resulting in increased prices and higher costs for deliveries to Europe. Elevated prices and scarcity in liquefied natural gas availability create additional challenges for the EU in securing winter reserves. EU Response Measures to Stabilize the Situation 1. Increasing Imports of Liquefied Natural Gas (LNG) To mitigate ...

... summer spot prices in Europe will even exceed last winter's levels. For now, LNG supplies are meeting the EU's needs: the U.S. is breaking its own export records – in July, gas deliveries to American LNG plants exceeded 450 million m 3 per day. Total LNG imports into Europe at the beginning of July stood at around 370 million m 3 /day (slightly below June's 404 million, as some cargoes headed to Asia). The main importers – the largest economies in the EU and Turkey – continue to receive significant volumes of ...

... Europe became the largest oil-importing region last year, purchasing 463 million tons, or 21% of global oil import flows. Additionally, she noted that petroleum product imports reached 218 million tons, constituting 17% of global totals. Concurrently, Europe reduced LNG imports by 35 billion cubic meters—from 168 billion cubic meters in 2023 to 133 billion in 2024. U.S. exports also declined—from 76 billion cubic meters in 2023 to 61 billion cubic meters in 2024. The expert emphasized that despite the U.S. positioning ...

... Energy Information Administration (EIA), the total capacity of LNG export terminals in the US, Canada, and Mexico will increase from 320 million cubic meters per day at the end of 2024 to 680 million cubic meters per day at the end of 2028. As a result, LNG imports will become more accessible to EU countries," Tereshkin speculated. In October, Gazprom CEO Alexey Miller stated that Europe's gas market policy could lead to a new price shock and supply disruptions. He described the situation in the European gas market as poor and agreed with the assessment that demand for the energy resource is being intentionally destroyed. Translated ...