Oxford - South East Europe gas markets

Oxford's South East Europe gas markets report looks at the current state of the gas supply arrangements in the region and assess how they might change in the future. The report notes that even before the Russia-Ukraine war started in February 2022, countries within this region were transforming their gas supply arrangements, moving from being relatively isolated markets to becoming well interconnected, and from being largely supplied by Russian imports to having a diverse supply portfolio. The war and the EU's target of removing Russian oil and gas from its supply portfolio before 2030 has given this process more impetus. The report's main purpose is to describe infrastructure developments and consequent changes to gas supply flows, and to assess how flows might further change as planned infrastructure is completed over the next 5 years, with the question of whether the region can have a non-Russian gas supply future. The report also looks at current demand levels, recent Russia import volumes, interconnectors and other pipelines that have been commissioned recently, and the prospects of planned pipeline and LNG regas projects being built.