Gas imports to end by 2027

The last Russian gas imports into Europe are set to stop by 2027, with the final shipments occurring in January and September of that year. This marks the end of over 50 years of relying on Russian gas, which was historically cheaper than alternatives.

European suppliers adjust to new reality

European energy suppliers have been adapting to the shift away from Russian gas, seeking alternative sources and investing in renewable energy to meet demand. This transition has been gradual but steady since the start of the Ukraine war in 2022.

Iranian war raises gas prices

The ongoing conflict in Iran has disrupted gas supplies from Qatar, a major exporter of liquefied natural gas. This has led to increased prices in the European market, as the availability of alternative sources has not yet fully compensated for the loss of Qatari exports.

Qatar’s gas route blocked

Iran’s involvement in the region has blocked key shipping routes used by Qatari gas tankers, reducing the flow of this critical resource. This has created a temporary shortage in the European market, contributing to the upward trend in gas prices.