Dravin-Vasisht

Dravin Vasisht
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Why do you think you're right?
EU leaders have repeatedly signaled that Russian gas is being phased out for good, and the policy actions back them up: the RE Power EU plan is accelerating diversification into U.S. Qatari and Norwegian LNG expanding the Southern Gas Corridor to bring at least 20 billion m3 per year by 2027, and shutting down remaining Russian gas contracts over the next few years. As EU Energy Commissioner @DanJorgensen put it, Putin weaponised energy against us that needs to stop while Commission President Ursula von der Leyen declared it is time to turn off the tap on Russian LNG. The Council  latest position requires new Russian gas contracts to end by January 2026 and long-term ones by January 2028, making any surge back to 15 bcm in a single 2025 quarter a long shot given falling flows and hardening policy
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Why might you be wrong?

There’s always a chance reality swerves away from the current trajectory a severe winter could spike demand and force Europe into emergency spot purchases, or unexpected outages in Norwegian or U.S. LNG supply might push the EU to reluctantly tap Russian volumes again. Some member states with weaker leverage, like Hungary, continue to maintain long-term gas ties with Moscow and could increase intake if politics shift or prices become irresistibly low. Russia could also reroute more LNG through non-sanctioned channels such as Turkey or third-party traders, masking the true origin and inflating quarterly totals beyond official expectations. All of that means the EU might still end up relying on Russian gas temporarily if economics or energy security trump policy intentions.

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