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The future of Russia’s Power of Siberia 2 gas pipeline

The fate of Power of Siberia 2 will partly depend on Beijing’s assessment of the relative risks of greater dependence on Russian pipeline gas versus greater dependence on LNG imports. PS-2 would increase Russia’s pipeline capacity to China to 98 bcm/y. If this capacity is built and fully utilized by 2030, China’s net import dependence on Russian pipeline gas could reach 40 percent by 2030, on par with the EU’s dependence before Russia invaded Ukraine

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Ukraine and European gas market monitor

Since the beginning of the month (April), 60.6 million cm of gas has been transported to Ukraine, which is almost 2.5 times less than in March. All the resource came from Hungary. The total reserved volume that Russia may not supply, but for which it must pay according to the contract, is almost 8.2 bcm over four months. In April, Gazprom transported 1.27 bcm, or 39% of the contracted volume. This is 6% more than last year, but 44% less than in 2022 and 66% less compared to the same period in 2021. Source: Association of Gas Producers of Ukraine

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Natural gas and coal lose ground to renewables

Lower electricity demand alongside strong wind and solar growth in the EU led to falls in coal and gas generation throughout 2023. EU fossil generation fell most in December due to good wind and hydro conditions, with a fall of 23 TWh (-24%) compared to December 2022. The highest increases of solar generation were recorded in the summer, with September (+7.1 TWh) and June (+6.2 TWh) showing the strongest year- on-year increases.

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German electricity market: 80 percent renewables by 2030?

According to this briefing, an electricity supply with at least 80 percent renewable energies by 2030 is possible. However this would mean a swift exit from coal and natural gas in the long run. How realistic is this scenario?

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