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ENB Pub Note: This quiet story of the U.S. and Russia looking at bringing natural gas back to the EU has a lot of implications that I have been talking about for a long time. George McMillan, Energy News Beat contributor on the podcast, talked about the Trump administration team not understanding Putin’s motivation, and not being able to get President Putin to the table. Well, his slide decks were reviewed, and cause and effect may be in play. It seems they are trying to entice him to the table with business, rather than from a position of strength, as President Trump was told. “All Putin has to do is nothing and the Bank of London, and the Bank of Paris go broke. This is about the global balance of finance and energy. Check out everything George has written on Energy News Beat here.
U.S. and Russian officials are quietly exploring pathways to restore Russian natural gas flows to Europe—an initiative that, if realized, would mark a seismic shift in post-Ukraine war energy dynamics, according to an exclusive report by Reuters on Thursday.
The talks, still in preliminary stages, are reportedly linked to ongoing peace negotiations and could involve U.S.-backed intermediary arrangements to facilitate pipeline transit through Ukraine or even Nord Stream infrastructure, Reuters reported.
Europe’s Russian gas dependency collapsed from 40% to just 19% after the 2022 invasion, slashing Gazprom’s export volumes and forcing Europe into LNG deals at premium prices.
Yet now, with gas prices stabilizing and European voters balking at inflation, energy pragmatism may be edging out geopolitics.
The exclusive Reuters report comes just two days after the European Commission published a roadmap of its plans to end European dependency on Russian gas, which would ban imports of all Russian gas and LNG to EU member states by the end of 2027. Legislative proposals related to this ban will be tabled in June.
The post U.S., Russia In Quiet Talks to Bring Russian Gas Back to Europe appeared first on Energy News Beat.
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