
Russian Gas Exports: the Optimal Balance between LNG and Pipeline Gas Supply Channels
The article conducts a comparative analysis of the attractiveness of the various methods of exporting Russian gas, namely via pipeline systems and in the form of liquefied natural gas. The export of natural gas by the Russian Federation (USSR) to Europe via pipelines commenced over 55 years ago. The necessity for investment in the exploration and production of natural gas, in conjunction with the absence of export channels during that period, resulted in the establishment of long-term supply contracts. The take-or-pay principle offered significant assurances regarding the return on investment. Since that time, considerable changes have occurred. New gas liquefaction technologies, complex risks associated with transit countries and global challenges, such as the need to diversify export destinations have emerged. Concurrently, the analysis demonstrates the feasibility of concurrent operation of both supply channels, which could serve as a foundation for enhancing the export of domestic gas to significant foreign markets.

