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Do future Russian gas pipeline exports to Europe matter anymore?

During 2022, a key concern within the EU and the global gas market was how the market might cope with a complete shut-off of Russian gas pipeline exports to Europe. Six months into 2023, and a completely different set of questions can now be asked: is Russian gas that important to the EU and wider Europe anymore? Would it matter if volumes went to zero sooner rather than later, either by Russian or EU design? Will Russian gas ever have a significant role in western markets again? This paper investigates these questions, looking at available infrastructure for Russian exports, the […]

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