What lies ahead for EU supply contracts for Russian gas?

it is estimated that at least 116.4 Bcm/year of annual contracted quantities via gas pipeline are still contracted between EU countries and Gazprom or one of its subsidiaries. What’s the likely outcome for these dormant contracts? If some Russian contracts were to remain in place, they could cushion the impact of LNG price volatility… This contracted volume is way above current export levels. Gas pipeline exports to EU customers fell from 146 Bcm in 2021 to around 61-62 Bcm in 2022. In the first nine months of 2023, Gazprom’s pipeline exports were estimated at around 20 Bcm. Source: Cedigaz

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