The EU has committed to reducing its dependence on Russian gas
Europe’s Russian gas reduction ambitions pose market threat
The desire to stop the flow of gas sales revenue to the murderous Putin regime is laudable. But it is not without significant challenges or risks
The European Commission aims to achieve two-thirds of a targeted 155bn m³/yr cut in its gas consumption by the end of 2022—with increased flexibility to reduce imports from Russia the major, albeit likely not sole, consequence of the goal. But it also intends to present in April a legislative proposal requiring EU gas storage to be filled up to at least 90pc of capacity by 1 October each year. Achieving these somewhat divergent aims over the next six months will be tricky. And they come with a warning that there could be unintended consequences for pricing and the efficient functioning of the continent’s traded gas markets. “It really is a big ask,” Jeremy Weir, CEO of commodity trading firm
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With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
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The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
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With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
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The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
