... competition with Asian buyers for new batches of LNG may intensify if Asian economies strengthen their growth. European regulators and energy companies continue to monitor the situation closely, ready to implement additional measures if necessary – from consumption restrictions to emergency fuel purchases. For now, the balance in the EU gas market appears relatively stable, and prices remain moderate, creating favorable conditions for the region's industry and energy sector on the eve of the heating season. Energy Transition and Traditional Generation: Searching for Balance The global ...

... increasing well recovery technologies. Nevertheless, given the scale of its economy, China's dependence on energy resource imports will remain significant: analysts estimate that in the coming years, the country will import no less than 70% of its oil consumption and about 40% of its gas needs. Thus, India and China – the two largest Asian consumers – will continue to play a key role in global raw material markets, combining strategies for securing foreign supplies with the development of their own resource base. Energy Transition: ...

... moderate pace due to last year's high base. At the same time, Beijing is stimulating its own oil and gas production: from January to July 2025, national companies extracted 126.6 million tons of oil (+1.3% year-on-year) and 152.5 billion cubic meters of gas (+6%). The growth in domestic production partially compensates for the increase in consumption but does not eliminate the need for imports. The Chinese authorities continue to invest in the development of fields and technologies to enhance well output. Nevertheless, given the scale of its economy, China's reliance on imported energy ...

... cubic meters per day (m³/day) in July 2024, of which just over 5% (43 thousand m³/day) came through the GMS "Sudzha." Secondly, the targeted gas savings by EU countries, which have been in place since August 2022 when agreements to reduce gas consumption by 15% compared to the average multi-year level took effect, will play a role. The effect of savings was noticeable this year as well. According to Ember, electricity demand in the EU increased by 9 terawatt-hours (TWh) in the first half ...

... The refilling rates are also record-high: in June, European companies injected around 12.4 billion cubic meters of natural gas, marking the highest monthly volume in the past three years. This was facilitated by a relatively mild winter that limited gas withdrawal, reduced consumption in the economy, and high liquefied natural gas (LNG) supplies—around 12 billion cubic meters in June (primarily from the U.S., Qatar, and other exporters), which is also a record for a summer month. Thanks to high reserves and diversification ...