... below the peaks observed in 2022–2023. The energy geography of gas supplies to Europe has changed significantly over the past year. The main shifts in routes and sources include: Ceasing Transit Through Ukraine: Since January 2025, supplies of Russian pipeline gas through the Ukrainian GTS have been completely halted following the expiration of the long-term contract between Gazprom and Naftogaz. Southern Corridor in Priority: The only operational route for Russian gas supplies to the EU remains the ...

A Frosty Winter Could Revive Gas Transit via Nord Stream. Analysis by OPEN OIL MARKET’s Tereshkin for the Vzglyad Newspaper. The article explores the conditions under which the remaining branch of the Nord Stream 2 pipeline could become operational, considering the current state of the European gas market. It examines factors influencing gas price increases, including uncertainties surrounding transit through Ukraine, climatic conditions, and competition with Asia ...

... remain significantly below the peaks of 2022–2023. The energy geography of gas supplies to Europe has significantly changed over the past year. Below are the key changes in routes and sources: End of Transit through Ukraine: as of January 2025, Russian pipeline gas supplies through the Ukrainian gas transportation system have completely ceased after the expiration of the contract between Gazprom and Naftogaz. Southern Corridor Becomes Main Route: the only remaining operational route for Russian gas ...

... summer weather and consistently high supplies of LNG from various global regions. Against the backdrop of sanctions and geopolitical factors, the structure of gas supplies to Europe has changed significantly. Since January 2025, transit of Russian pipeline gas through Ukraine has completely ceased (after the contract with Gazprom expired). The only route for direct supplies from Russia remains the "Turkish Stream" gas pipeline and its land continuation to Southern Europe. Currently, approximately ...

... This buffer keeps wholesale gas prices at moderate levels, significantly below the peaks of 2022. The EU continues to increase liquefied natural gas (LNG) purchases from various sources to compensate for virtually ceased direct deliveries of Russian pipeline gas. However, full energy “decoupling” from Russia has proven to be challenging: individual EU countries remain indirectly dependent on Russian energy resources. For example, Ukraine, having refused direct imports of Russian gas, has become ...