The future of Russian gas in the EU

This analysis begins with the reduction in imports of Russian natural gas via pipelines using the four major\ existing routes (Yamal, Nord Stream, Ukraine and TurkStream), evaluating the technical and contractual situation. The document then sets out the implications of this commercial uncoupling for Gazprom and Russia. Next, it presents the situation as regards European imports of Russian LNG, analysing the geopolitical implications and the rise of Novatek as a new global energy player.