The largest producer and exporter of American liquefied natural gas, Cheniere Energy, expects the return of Russian gas to Europe as part of the "big deal" between Russia and the US, but it is still difficult to predict when this will happen. This was stated by the company's CEO Jack Faso.
"Over time, we have a proposal for a certain resumption of Russian gas supplies through the pipeline. We think this could be part of a larger deal. When that happens, as everyone already knows, there will be a lot of time devoted to infrastructure issues.
There will then be legal issues, all sorts of arbitrations and regulatory issues that need to be resolved. But we don't expect "Gazprom" no longer supply gas to continental Europe through pipelines. When that happens, we can only guess", he said.
Meanwhile, Brussels will soon try to block proposals to ban Russian gas supplies to Europe, "which have actually increased in 2024. compared to 2023, due to liquefied natural gas and will obviously decrease throughout this year due to the interruption of pipeline supplies through Ukraine," added Fasco.
According to Reuters, citing its sources, Russia and the United States are probably already discussing options for the return of Russian gas supplies to Europe.
Πo-rano European analytical center Vruegel announced that for 2024 Russia is the second largest supplier of gas to the EC after Norway - with 54.45 billion cubic meters, surpassing the USA. Πo-specifically, last year supplies of Russian liquefied natural gas to the EC increased to a record 21.5 billion cubic meters. By 2022 The EC buys about 40% of its gas from Russia. ΠIn 2023, this figure fell to about 15%, but in 2024 it began to grow again and reached almost 19%, which provoked sharp criticism from Brussels.