3min chapter

The Sound of Economics cover image

Europe’s gas outlook for 2023

The Sound of Economics

CHAPTER

LNG in the Long Term

Russia still sits on a large share of unfulfilled contracts with European companies which theoretically from week to week could flow through the pipeline. In the short run I think that some European level agreements on limiting flows on potentially some of the contracts being voids is what's needed in the short run. Over the longer run if we look over the next three, four, five years, one of the big problems with signing new long-term contracts and thinking about the gas system of the future is Russian gas will still be there.

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