[JonPreston]

The big picture in all of this tough transition of Europe's natural gas supply, is that Russia is a huge loser

What transition are you talking about? Gazprom is flush with cash.

[kiryandil]

It's the view from the Beltway.

When their natgas bills go up, they just vote themselves a raise.

[gleeaikin]

The transition in Europe from fossil fuels to environmentally neutral fuels using LNG as a transition is well on its way. If Russian LNG was down to 70% of March levels in June, what is it now in August, 50%? I guess running US and other foreign oil majors out of Russia, and facing sanctions means they no longer have access to needed repair parts and quality diamond drills bits. I imagine production will be even worse when winter weather hits. I guess Gazprom can reinvest in its own stock, the price must be really low now. I doubt they can buy the stuff they really need. Too bad, so sad.

[BeauBo]

“ What transition are you talking about? Gazprom is flush”

Face it.

I know reality can seem harsh, but we are best served by facing it.

Gazprom’s European contracts are not being renewed, and have been being awarded to other suppliers - according to the EU’s approved and publicized transition plan, away from all Russian energy supplies.

Putin did that to Russia.