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Amount of Russian LNG that enters the system is insignificant, don't exaggerate it. It's 15% of overall LNG imports at most. Price for all LNG is the same becau
by anovikov 2y ago
Amount of Russian LNG that enters the system is insignificant, don't exaggerate it. It's 15% of overall LNG imports at most.
Price for all LNG is the same because it circulates on the same, global market.
Pipeline gas comes with political liabilities.
And the real alternative is of course, deep cuts in gas consumption. Which is what RepowerEU is trying to achieve.
By the way, 2024 Russian gas imports show a slight increase only because 2023 decrease went ahead of plan. 2023 plan was 68 bcm and only 45 bcm were imported, even 2024 went ahead of reduction plan and 2025 is certain to be ahead of plan, too.