OIES Podcast – Impact of Russia-Ukraine War on Energy Markets Series – 7

In this latest OIES podcast – the seventh in our series on the impact of the Russian invasion of Ukraine on the European gas market – we continue our analysis of ongoing developments in European gas supply, namely pipeline and LNG imports. With LNG imports at record levels in recent months, and non-Russian pipeline imports remaining strong, it is clear that pipeline imports from Russia are the ‘wildcard’ in European supply. We discuss some of the political issues that could affect such Russian supply in the near future, and the supply-side outlook for the rest of 2022. Finally, we turn to the European response to the present situation, in particular the most recent proposals from the EU, including the implications of a proposed cap on wholesale gas prices.