The International Energy Agency (IEA) predicts that Russia’s share in the global gas market will fall from 30% to 15% by 2030. In this respect says In the agency’s annual report.
According to analysts, it will be difficult for Russia to direct exports to Asia. Due to demand in China, it is impractical to build new pipelines there. Efforts to diversify supply through LNG will also face a glut in the market.
As a result, Russia’s revenue from gas exports will fall from $100 billion in 2021 to less than $40 billion in 2030, according to IEA forecasts. Analysts say the loss of Europe, the largest gas buyer, has not been offset by supplies to Asia.
They also point out that Russia’s attempt to use gas as a political tool has also failed. This has pushed consumers to save gas and develop alternatives, according to the IEA.
MAE in mid-October reportedIt is stated that high gas prices in Europe will continue until 2027.
Formerly president of the IEA guess The end of the “golden age” of gas.