Asia will be the dominant consumer, while the U.S. will be the key supplier. In Europe, where L.N.G. has been a lifeline, the need will continue despite environmental concerns.
I read that paragraph on Wikipedia but fail to see your statements. Italy, Denmark, France aren’t even mentioned there.
In detail it’s described that Poland stopped paying Russia, so Russia stopped pumping gas via the Yamal pipeline to Poland. That is not ‘cutting-off’. Also Poland kept receiving natural gas from Russia via Nord Stream, via Germany and over to Poland during summer 2022. Yamal was running in reverse and supplying Poland, so that they even hit over 100% storage at that time.
For Finland it’s similar - they stopped paying, so Russia stopped delivering.
Even today Russia supplies EU countries with natural gas, which is also part of the storage and supply calculation within the EU. What if Russia stops delivering tomorrow? How can these countries be supplied in such a scenario? Russia still has some leverage over a few countries, e.g. Austria via long-term contracts, where Austria stated not honouring the contracts from their side, would be more expensive that taking the natural gas.
I read that paragraph on Wikipedia but fail to see your statements. Italy, Denmark, France aren’t even mentioned there.
In detail it’s described that Poland stopped paying Russia, so Russia stopped pumping gas via the Yamal pipeline to Poland. That is not ‘cutting-off’. Also Poland kept receiving natural gas from Russia via Nord Stream, via Germany and over to Poland during summer 2022. Yamal was running in reverse and supplying Poland, so that they even hit over 100% storage at that time. For Finland it’s similar - they stopped paying, so Russia stopped delivering.
Even today Russia supplies EU countries with natural gas, which is also part of the storage and supply calculation within the EU. What if Russia stops delivering tomorrow? How can these countries be supplied in such a scenario? Russia still has some leverage over a few countries, e.g. Austria via long-term contracts, where Austria stated not honouring the contracts from their side, would be more expensive that taking the natural gas.
Had the wrong section:
https://en.wikipedia.org/wiki/2022–2023_Russia–European_Union_gas_dispute#Contractual_position