LNG: Total Plays Down Russian Gas return to Europe in next 12 months
Apr-30 16:06
TotalEnergies CEO Patrick Pouyanne dismissed the likelihood of large-scale Russian gas returning to Europe, emphasising that US LNG is better positioned to fill the supply gap, Platts reported.
- "I don't see much space today politically to take a lot of Russian gas -- I think it's more US LNG which will come than Russian gas in Europe," Pouyanne said, cited by Platts.
- "And over the next 12 months, I can even confirm that I will be very surprised to see suddenly a lot of Russian gas coming to Europe. It will take time. It's also a matter of trust between customers and producers," he added.
- Russian gas to Europe is now limited to the 15.75 Bcm/y TurkStream pipeline and via LNG.
- US LNG has dominated EU imports in 2025, supplying over 20, mt, or 53% of total LNG.
- Pouyanne noted European support for US LNG, particularly from the new German coalition.
- The EU will outline phasing out Russian fossil fuels on May 6.
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