European gas market: Finding a balance between supply and demand sides in the context of the energy crisis

Currently, the demand for supply of liquefied (LNG) and compressed (CNG) gas to EU regional market significantly exceeds its supply. For past five years, in Europe has been exclusively a buyer’s market, аble dictate main constraints this market. However, since autumn 2021, trend changed favor suppliers, i. e. side. The change occurred due number reasons that led fact world energy prices rose rapidly, reaching such high level entire industries, private entrepreneurs ordinary consumers became insolvent short time. article examines suppliers natural countries, analyzes dynamics renewable non-renewable sources production electricity Europe. possible delivery volumes major including gas, are analyzed. purpose study is identify key causes current crisis European research consists assessing factors shaping supply-demand ratio medium term, as well answering question: will Russian really not find buyer other markets?Conclusions drawn situation supplies from Russia countries should be considered standpoint existing long-term cooperation between Gazprom PJSC companies. Otherwise, economy feel negative impact caused by shortage оn