Russia retains its role of important gas supplier

Russia still retains its role of important gas supplier according to the Institute for Energy and Finance in Moscow. Despite the decline in Russian pipeline gas exports in 2022-23 due to the non-economic reasons, it’s back to steady growth is expected in 2024-25. In 2023, EU countries accounted for 48% of Russian LNG shipments. Japan (19.6%) and China (19.3%) shared the second and third places