The supply of Russian liquefied gas to the European Union in January - October 2026 increased by 6.7% compared to the same period last year and reached 17.43 billion cubic meters. from.
On January 26, the Council of the European Union approved a total ban on the supply of Russian LNG to the EU from January 1, 2027, and pipeline gas from September 30, 2027.
There are two possibilities: if the winter is cold - problems with gas supply this coming winter or record low reserves at the end of the heating season, which will support demand and high prices for LNG next year.
The second option is more likely and is the one that the European authorities adhere to, declaring that there are no problems. At the same time, high prices harm budgets and the economy, as well as defense spending instead of supporting industry.
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