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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
