Gas storage worker, GermanyMOSCOW, Mar 20 will reduce the consumption of Russian gas, Sergey Kolobanov, deputy head of the Economics of Fuel and Energy Complex department at the Center for Strategic Research (CSR), told RIA Novosti. supplies are unlikely to be realized, although high gas prices will to some extent reduce the potential demand for this energy resource,” the analyst said. In addition, Europe is now reducing the share of fossil sources in the energy balance: new renewable energy projects are being commissioned, energy saving measures are being taken and decarbonization, added the interlocutor of the agency. An increase in gas supplies in 2022 from other, non-Russian sources will undoubtedly be, first of all, in liquefied form (LNG), says the analyst of the CSR. But given the limitations in the infrastructure for liquefaction from global suppliers and the continued demand for gas in other regions of the world, a high level of gas prices in Europe is expected to remain high during the entire period of accumulation of reserves, he stressed. «At the same time, Russia has not yet limited gas exports to Europe , including along the Ukrainian route, and the latest package of sanctions against Russia did not affect gas supplies.This had a somewhat calming effect on European consumers, as a result of which, after a fantastic jump on March 7 to the level of 2,700 dollars per thousand cubic meters, the price fell by almost three times,» Kolobanov concluded.
