... Australia, and the spot market, bypassing U.S. gas. Meanwhile, Europe continues its course to reduce dependence on Russian energy resources. Imports of Russian oil and oil products to the EU have effectively ceased due to the ongoing embargo, and pipeline gas supplies have been reduced to minimal levels. The European Union is actively developing infrastructure for receiving LNG (new terminals are being built, and long-term contracts with alternative suppliers are being negotiated) to replace the volumes that ...

... to a realignment of global oil flows. In Europe, the trend continues towards reducing dependence on Russian energy carriers. Imports of Russian oil and petroleum products into the EU have effectively ceased due to the existing embargo, and pipeline gas supplies have been reduced to minimal amounts. The EU is actively developing infrastructure for receiving LNG (new terminals are being built, and long-term contracts are being signed with alternative suppliers) to replace falling volumes. However, completely ...

... confidence in energy supply stability for the winter. The situation is eased by relatively mild summer weather and consistently high supplies of LNG from various global regions. Against the backdrop of sanctions and geopolitical factors, the structure of gas supplies to Europe has changed significantly. Since January 2025, transit of Russian pipeline gas through Ukraine has completely ceased (after the contract with Gazprom expired). The only route for direct supplies from Russia remains the "Turkish ...

... and a steady influx of liquefied natural gas (LNG) from the U.S., Qatar, and other exporters are contributing to relative price stability in Europe: current exchange prices remain significantly below the peaks of 2022–2023. The energy geography of gas supplies to Europe has changed significantly over the last year. Here are the key changes in routes and sources: Ceasing Transit through Ukraine: From January 2025, all supplies of Russian pipeline gas through the Ukrainian gas transportation system have ...

Russia has taken a step toward European gas buyers by proposing a new payment scheme for gas. This scheme will allow Europeans to bypass US sanctions, which, since December 20, could effectively halt Gazprom's gas supplies to the EU both through Ukraine and via the "Turkish Stream." What is the clever scheme Russia is offering? A comment for the newspaper "Vzglyad. Russia has taken steps to accommodate European gas buyers by proposing a new payment ...