OIES – No Way Back? Challenges to Russian Pipeline Gas in Europe Make Near-Term Rebound Unlikely

The main theme of the document concerns the challenges associated with the recovery of Russian pipeline gas supplies to Europe.

Key findings include: a decline in supplies due to damage to transport capacities, sanctions, and political conflicts; cessation of sales through the Gazprom platform and issues with long-term contracts; the only remaining supply route is the TurkStream, with limited capacity; low likelihood of supply recovery to previous levels in the near term, especially considering increased competition from new LNG supplies.