This report is an updated version of an Update originally sent on 20th October 2025.
Given that the EU has already largely discontinued imports of Russian oil and pipeline natural gas, the confirmation that the bloc will completely shift away from Russian natural gas by 2027 is unlikely have significant implications for global energy markets. In the LNG market, trade flow adjustments still need to take place, but new US export capacity – and the potential for Russian exports to be redirected – should limit the potential for a sustained rise in LNG prices.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services