... 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 been completely halted after the expiration of the contract between Gazprom and Naftogaz. Southern Corridor – Main Channel: The only currently functioning route of Russian gas to the ...

... will help minimize budget losses for Russia in 2025, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET petroleum products marketplace, told Izvestia on October 7. "Gazprom continues to ramp up gas exports to Europe. In September 2024, pipeline gas deliveries to the EU increased by 3% compared to the previous month, reaching 101 million cubic meters per day. Over the first ten months of this year, deliveries rose by a third—from 73 million cubic meters per day in January–September ...

... The gas sector continues to reorient flows eastward. According to data from Gazprom, it increased natural gas exports to China by approximately 28% during January-August 2025 compared to the same period last year. Supplies along the Power of Siberia pipeline are steadily rising, approaching contractual maximums, reflecting Russia's strategic course to strengthen its presence in the Asian gas market. Meanwhile, Beijing is ramping up purchases, replacing lost volumes of LNG imports and reducing coal ...

... domestic oil and gas. Leading analyst at Freedom Finance Global, Natalia Milchakova, pointed out that the refusal to accept Russian oil and gas will hardly affect state budget revenues. Prior to 2022, Russia supplied Europe with 160 billion cubic meters of pipeline gas, and now that figure stands at only 16 billion. According to Rystad Energy, by the end of 2024, 17.8 million tons of LNG were delivered as well. Ekaterina Kosareva noted that the main buyers of Russian oil today are China and India, which ...

As winter approaches, Europe may face serious disruptions in gas supplies due to reduced imports of Russian pipeline gas and instability in global energy markets. How is the European Union preparing for these challenges? In this article, we look at the main causes of potential disruptions, the EU’s response to diversify supplies and create reserves, as well ...