... fragile balance between rising supply and moderate demand. The European gas market remains calm, with gas storage levels in EU countries exceeding 90%, providing a solid reserve ahead of winter and keeping prices stable. In the meantime, the global energy transition is gaining momentum: various regions are recording new highs in renewable energy (RE) generation, although governments continue to rely on traditional resources for system reliability. In Russia, following an August spike in fuel prices, governmental ...

A Frosty Winter Could Revive Gas Transit via Nord Stream. Analysis by OPEN OIL MARKET’s Tereshkin for the Vzglyad Newspaper. The article explores the conditions under which the remaining branch of the Nord Stream 2 pipeline could become operational, considering the current state ...

... of factors. The European gas market demonstrates relative resilience: underground gas storage facilities (UGS) in the EU are filled to over 85%, providing a buffer ahead of winter and keeping prices at a moderate level. Meanwhile, the global energy transition is gaining momentum, with new records for renewable energy generation being set in many regions, although countries have not entirely abandoned traditional resources for energy system reliability. In Russia, following a recent surge in prices,...

... price stability in Europe: current exchange prices remain significantly below the peaks of 2022–2023. The energy geography of gas supplies to Europe has significantly changed over the past year. Below are the key changes in routes and sources: End of Transit through Ukraine: as of January 2025, Russian pipeline gas supplies through the Ukrainian gas transportation system have completely ceased after the expiration of the contract between Gazprom and Naftogaz. Southern Corridor Becomes Main Route: ...

... price peaks in 2022–2023. The European gas market is also exhibiting calmness, with underground gas storage in the EU nearly full ahead of winter, keeping prices at a moderate level (around $400 per thousand cubic meters). Meanwhile, the global energy transition is gaining momentum, with new records for electricity generation from renewable sources being reported worldwide. However, for the reliability of energy systems, countries cannot yet fully abandon traditional resources: oil, gas, and coal. ...