Topic: European policy of diversification of natural gas supplies and implications for Russian gas exports
Diversification of gas supply to the European market: consequences for Russia and opportunities for Ukraine.
Key issues for discussion:
- How to cover gas shortages in the European market? What are the opportunities of African countries? Is a renaissance of the US shale revolution possible? Can Ukraine increase gas production and export it to EU consumers?
- Is the infrastructure ready to export gas from Africa to EU? Is it possible to fill the Ukrainian gas transmission system with gas from Azerbaijan and LNG sources? Is it possible to increase the capacity of the European network of LNG terminals? How important is it to continue the EastMed project?
- How can gas prices change in the EU and Ukraine?
- Is Naftogaz doing enough for Ukraine's energy security?
- What are the consequences for Russia's macroeconomy after the embargo?
As the world's largest oil and gas exporter, Russia is an important player in the global energy market. Russia's invasion of Ukraine and the subsequent Western sanctions have already influenced the choice of future oil and natural gas sources and routes. The US announced a ban on oil imports from Russia.
The European Commission intends to increase purchases of liquefied natural gas (LNG) from the United States against the background of the Russian invasion of Ukraine and the threat of cutting off gas supplies from the Russian Federation. This was announced on March 31 by European Commission spokesman Eric Mamer at a briefing in Brussels.
According to him, in 2021, deliveries of about 22 billion cubic meters of LNG to Europe were agreed with the United States. Now the EU is counting on receiving an additional 15 billion cubic meters of LNG, which corresponds to 10% of the volume of Russian gas entering the EU annually.
At the same time, the representative of the European Commission stressed, supplies from the United States are just one of the steps taken by the European Union to reduce dependence on Russian energy carriers.
"We discussed with all our European partners how to further diversify gas purchases in order to limit its imports from the Russian Federation. This goes hand in hand with a whole series of other measures aimed at reducing our dependence on Russian gas by two thirds by the end of this year," Mamer added.
According to him, the European Commission expects that by next year the next step will be taken to reduce dependence on Russian gas and the volume of additional LNG supplies to the EU will increase by another 35 billion cubic meters - up to 50 billion cubic meters per year.
Energy Freedom by Energy Club - a discussion of professionals in the field of energy - representatives of government agencies, central authorities, people's deputies, representatives of Energy Club member companies and leading industry experts.
The talk show is hosted by Andriy Kulykov.
The online broadcast will take place on Facebook, YouTube and LinkedIn. Starts at 15:00.
Language: English
Talk show participants
Andriy Myzovets, president of the association "Gas Traders of Ukraine
Oksana Ishchuk, Executive Director of the Centre for Global Studies Strategy XXI
Konrad Swirski, Professor of Warsaw University of Technology, CEO of Transition Technologies
Inna Antypova, CEO of ENGIE Energy Management Ukraine
Yaroslav Mudryy, Managing Partner, ERU Group
Lisse Geert van Vliet, Business Developer at the Ukrainian Energy Exchange (UEEX)