... transit supplies to Serbia and North Macedonia — increased by 36% in the first eight months of 2024, reaching 97 million cubic meters of gas per day (m³/day), of which 54 million m³/day were delivered through the Balkan branch of the TurkStream pipeline, according to data from the European Network of Transmission System Operators for Gas (ENTSOG)," Tereshkin said. The expert noted that the increase in exports was one of the reasons for the rise in budget revenues from the gas industry: total collections from the mineral extraction tax and the export duty on gas in the first ...

... for "unfriendly" countries. “Russia is making a significant gesture to Europeans to prevent a halt in gas supplies from December 20. Unlike the US, which is cornering the Europeans economically, the US is well aware that payments for pipeline gas are routed through Gazprombank, and at present, there is no alternative method for payment. Meanwhile, the US is deliberately cutting off Russian gas supplies not from March 1 or April 1, 2025, when the heating season ends, but from December 20, during ...

... substantial production capacity, and despite restrictions, exports persist. Technical and Economic Challenges of Replacing Russian LNG with American LNG Infrastructure Limitations: While Europe has expanded its LNG capacity, it is still heavily reliant on pipeline gas and has limitations in its processing and reception facilities. To significantly increase U.S. imports, Europe would require major upgrades and new terminal constructions. Cost Considerations: U.S. LNG tends to be more expensive due to higher liquefaction ...

... 2030—five years earlier than the revised timeline. To achieve this, the country planned to raise LNG production from 33 million tons in 2023 to 100 million tons by 2030, leveraging pre-approved projects. This was intended to partially offset reduced pipeline gas supplies to Europe, as noted by Russian Deputy Prime Minister Alexander Novak at the end of last year. The first major project, "Arctic LNG-2," was expected to spearhead this growth, with its first phase scheduled to launch in 2024, adding ...

... this surge include a relatively mild winter and reduced consumption, as well as increased imports of liquefied natural gas (LNG)—around 12 billion cubic meters of LNG arrived in Europe in June, marking a record figure for the first summer month. High gas reserves allow Europe to feel more secure: despite the reduction of pipeline supplies from Russia, EU countries are compensating with record volumes of LNG from the US, Qatar, and other exporters. Gas prices at the European TTF hub in the summer of 2025 remain relatively stable—significantly below the peak values of ...