Russia has long been established as a crucial component of most European natural gas import portfolios, with most imports received via pipeline through the Yamal-EuroPol pipeline (Poland) or the Baumgarten gas hub (Austria). However, in the month of February, Russian LNG flows played a pivotal role in price formation within Europe. Many analysts have attributed the increased dependence on Russian LNG imports to the combined factors of weak Asian demand, driven by unseasonably warm winter temperatures, and the earlier-than-anticipated start of the…
