....S. GDP growth of ~3% in Q2) supports optimism, while economic slowdowns may dampen fuel demand. Gas Storage Filling. Europe’s progress towards achieving the 90% filling goal for gas storage facilities before the heating season, alongside securing alternative gas supplies (e.g., through LNG), will define the situation in the gas market this fall and winter. Adequate reserves can mitigate prices, whereas delays in schedules or supply disruptions may return volatility. Actions by OPEC+ and Production ...

... growth in the U.S. in Q2 2025) supports optimism, but economic slowdowns in any region could cool fuel demand. Filling Gas Storage: Progress in Europe towards achieving the goal of 90% filling of UGS facilities before the heating season and securing alternative gas supplies will determine the pricing situation in the gas market in the fall and winter. OPEC+ Actions: The implementation of planned oil production increases by OPEC+ countries and decisions that may be made at upcoming alliance meetings ...

... capacity of energy storage systems in the world’s power grids increased more than ninefold from 2020 to 2023, from 6.1 to 55.7 GW. However, over 80% of this growth was concentrated in just two countries—China and the USA. In addition, technological alternatives to lithium-ion batteries, such as vanadium and zinc-bromine batteries, are emerging, which help reduce the use of critical minerals. Russia’s Niche All of these factors—the diversification of extraction technologies, the maturity ...

... gas from "unfriendly" countries to rubles. Payments can only occur through one scheme: European buyers transfer funds in euros or dollars to Gazprombank, which converts the currency to rubles and transfers the amount to Gazprom. There is no alternative payment method. Russian LNG, which has made Russia the second-largest supplier to the EU in recent months, is also at risk. The EU is drafting its 15th sanctions package, potentially including a ban on Russian LNG. Pipeline Threats ...

... halting the traditional supply route. Decreased gas consumption in the EU: The shift toward "green energy" has become a priority for many countries in the bloc. Increase in U.S. LNG: The U.S. has actively taken Russia's place by providing alternative sources of gas to European countries. In 2024, the EU continued to purchase Russian LNG at a volume of 21 billion cubic meters; however, these supplies are under significant risk due to potential new sanctions. Among the few remaining partners ...