Beyond India and China, Russia can extend its reach for selling raw materials to neighboring markets such as South Korea and Vietnam. This viewpoint comes from Artem Deev, head of the analytics department at AMarkets.
Deev notes that the Asia-Pacific oil markets are led by China and India for Russia. Nevertheless, other nations show interest in Russian energy resources—namely South Korea and Vietnam—and their role could grow over time.
While the current share of these additional buyers remains modest, there is potential for expansion as global demand shifts. Russia is known to offer fuel at substantial discounts, which could attract a broader circle of buyers for oil and gas in the medium term.
Deev also points out that replacing the volumes reduced by sanctions will not happen quickly. On average, it could take several years to rebuild supply lines and stabilize export flows to alternative markets.
In another development related to Europe’s winter outlook, discussions at major oil and gas forums have highlighted Nigeria’s intention to boost gas shipments to Europe. Nigerian officials have emphasized plans to strengthen supply in the region, including infrastructure projects aimed at delivering gas through pipelines that connect with neighboring regions. These statements reflect a broader trend of diversifying gas routes and suppliers in response to evolving energy security considerations.
Market participants stress that the global energy landscape is adjusting as countries reevaluate their import strategies, price sensitivities, and discount structures. The pace of change is shaped not only by sanctions and policy shifts but also by new pipeline opportunities, storage capacity, and the competitive dynamics among major producers. Industry observers note that while some markets are growing more rapidly, the overall transition requires careful coordination among producers, buyers, and transport networks to maintain reliability and price stability. This ongoing realignment underscores the importance of diversified supply arrangements and responsive strategies that can adapt to geopolitical developments, price fluctuations, and evolving demand patterns across Asia, Europe, and beyond. [citation needed]”