Russia’s journey from piped to LNG exports
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Executive summary
- Europe’s gas import growth – what will Russia’s role be?
- European gas market dynamics are changing, making it harder for Russia to compete
- Infrastructure availability is key – Ukraine is necessary to maintain flexible supply, particularly in the near term
- In the long term, Russia is likely to push for more direct export routes, but new pipelines are unlikely
- Pipeline challenges are mounting
- Is LNG the way to go?
- Not without consequences for Gazprom and the Russian state
- Corporate dynamics
- LNG is competitive against new pipeline options
- The impact on the state budget will be limited
- Conclusion
- Appendix
- Notes on chart A.1. Delivered costs of selected pre-FID projects into Europe
- Notes on chart 1. Historic Russian flows by major pipeline into Europe
- Notes on chart 3. Russia piped flows into Europe and piped export capacities
- Notes on chart 4. Russia piped flows into Europe by key export routes and piped export capacities
- Notes on chart 5. Key LNG projects by company
- Notes on chart 6. Delivered costs of Russian gas into Germany via different routes
- Notes on chart 8. Russia gas export capacity available to Europe – LNG accounts for over 20%
Tables and charts
This report includes 11 images and tables including:
- Russia - gas flows by major pipeline
- European import dependency
- Russia piped flows into Europe and piped export capacities
- Russia piped flows into Europe by key export routes and piped export capacities
- Possible routes of additional direct infrastructure into Europe
- Key LNG projects by company
- Delivered costs of Russian gas into Germany via different routes
- Contributions of hydrocarbon taxes into the state budget
- Russia gas export capacity available to Europe – LNG accounts for over 20%
- Russia’s gas reserves and resources
- Delivered costs of selected pre-FID projects into Europe
What's included
This report contains:
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