This book analyses the most recent developments in security of gas supply and reliability in all IEA regions. Reform has led to open markets, where supply and demand are balanced by the market. In the gas sector, supply is capacity-bound and large parts of the demand side are inelastic. The...

European and global natural gas markets are not yet out of the danger created by Russia’s cuts to pipeline deliveries of gas. If gas exports from Russia drop to zero and China’s LNG imports rebound to 2021 levels, there is a risk of a shortfall gas supplies in 2023. Measures already taken by...

The world’s largest gas producer and exporter, Russia has an enormous energy saving potential. At least 30 billion cubic meters – a fifth of Russian exports to European OECD countries -- could be saved every year by enhanced technology or energy efficiency. As the era of cheap gas in Russia...