Europe's Russian gas dependency to surge
Development of LNG trains central to bridging rapidly expanding import gap
European demand for gas is expected to remain “very resilient” while domestic supply dwindles, a research analyst at consultancy Wood Mackenzie told the Gastech conference in Houston, leaving a widening import gap that Russia is best placed to fill. While European indigenous gas supply continues to decline, national governments enacting policies to phase out coal are supporting demand for replacement sources for energy generation. Murray Douglas, from Wood Mackenzie’s European gas research team, highlights a trend that began with COP 21 in Paris in 2015 and then, in late 2018, “we had the European Commission really set out a strategic long-term vision” to become climate neutral by 2050. “W
Also in this section
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
