... price stability in Europe: current exchange prices 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: ...

... of factors. The European gas market demonstrates relative resilience: underground gas storage facilities (UGS) in the EU are filled to over 85%, providing a buffer ahead of winter and keeping prices at a moderate level. Meanwhile, the global energy transition is gaining momentum, with new records for renewable energy generation being set in many regions, although countries have not entirely abandoned traditional resources for energy system reliability. In Russia, following a recent surge in prices,...

Why Azerbaijan Lost the Transit of Kazakh Oil? Analyzing the Reasons and Possible Consequences for the Region. Kazakhstan has decided to route all its oil exports through Russia, abandoning the competing Azerbaijani pipeline route. Why did Astana have to take such a step? ...

... fragile balance between rising supply and moderate demand. The European gas market remains calm, with gas storage levels in EU countries exceeding 90%, providing a solid reserve ahead of winter and keeping prices stable. In the meantime, the global energy transition is gaining momentum: various regions are recording new highs in renewable energy (RE) generation, although governments continue to rely on traditional resources for system reliability. In Russia, following an August spike in fuel prices, governmental ...

... fragile balance of factors. The European gas market shows relative resilience, with underground gas storage in the EU already over 80% full, providing a safety buffer going into winter and keeping prices at moderate levels. Meanwhile, the global energy transition is gaining momentum—with new renewable energy generation records being set in various regions—though countries have not yet fully abandoned traditional resources for the reliability of their energy systems. In Russia, fresh measures are ...