Amur GPP. Russian gas processing plant in the far East.
Russian gas to replace LNG glut: Wood Mac
Declining European indigenous gas production to be substituted by more Russian imports as LNG market tightens
Global LNG oversupply is likely to taper off from 2021 onwards, leaving fewer spot cargoes available for import into Europe and the continent leaning instead on more Russian gas imports, Massimo Di Odoardo, vice-president, global gas and LNG research at consultancy Wood Mackenzie told the European Annual Gas Conference (EAGC) in Paris on Tuesday. While a number of new LNG export projects in the US are due to come onstream in the coming months, things will slow down after 2020, with just a few new liquefaction facilities entering the market in the 2022-2024 period. With Asian LNG demand expected to grow—and thus less LNG available for other regions—and with declining indigneous production, Eu
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
