[WMarshal]

Russia doesn't need Europe as a market since China is buying all that they can and in rubles.

Russia says China will start paying for gas in rubles and yuan
https://www.cnn.com/2022/09/06/energy/china-russian-gas-payments-ruble-yuan/index.html

[Paul R.]

Yes, but the transport capacity to replace the volumes that were going from Russia to Europe via pipeline (and some by short route LNG ships), to China and India instead, doesn’t exist and will not exist for some time. This has been hashed out repeatedly on FR. Transport capacity is a function of of number of ships (numerator) and time of transport (denominator). Just for LNG (excluding pipelines) time of transport is ~6x. So you need 6x the ships. There is already a shortage of those, and most are not under Russia / Russian allies control.

PLUS, various factor including those long voyages drive up the end cost of the LNG.

This is in play for oil, too. Matter of fact, this article on FR reports that (apparently even with the Russki discount) India has swerved back away from buying Russian oil due to an additional $5-$7 /barrel cost being tacked on.

https://freerepublic.com/focus/f-news/4095558/posts