Southeast Europe Gas Markets – Reconfiguring Supply Flows and Replacing Russian Gas

As Europe continues its journey toward energy independence, the dynamics of Southeast Europe’s gas markets are undergoing a monumental transformation. The report, Southeast Europe Gas Markets – Reconfiguring Supply Flows and Replacing Russian Gas, authored by Julian Bowden, Senior Visiting Research Fellow at The Oxford Institute for Energy Studies, delves into this critical shift.

A Region in Transition

Southeast Europe (SEE) has long relied on Russian gas to meet its energy demands. However, the changing geopolitical climate and EU energy policies are pushing the region toward diversification. As Bowden highlights, “The energy security of Southeast Europe now depends on developing new infrastructure, securing alternative supply routes, and fostering regional cooperation.”

Infrastructure and Strategic Developments

The report provides an in-depth look at key infrastructure projects reshaping the region's energy supply:

➔ LNG Terminals in Greece and Croatia are playing a pivotal role in boosting flexibility and supply security.

➔ The Southern Gas Corridor emerges as a crucial route for non-Russian gas flows from the Caspian region.

➔ Projects such as the Vertical Gas Corridor and Interconnector Greece-Bulgaria (IGB) demonstrate how pipeline interconnectivity is driving regional resilience.

A Resilient Future 

The report highlights the immense potential of the Black Sea as an energy hub, with fields like Neptun Deep capable of significantly enhancing EU supply. Bowden emphasises, “These developments are not just about diversifying supply but creating a more competitive and interconnected energy market across Europe.”

Why This Report Matters

With energy security, affordability, and sustainability at the forefront of Europe’s agenda, this report offers critical insights for energy professionals, policymakers, and stakeholders. It serves as a roadmap for understanding how Southeast Europe is adapting to reduced reliance on Russian gas and aligning with the EU’s decarbonisation goals.

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This exclusive report provides the knowledge and foresight needed to navigate and capitalise on the opportunities emerging in Southeast Europe’s evolving energy markets.

This exclusive report provides the knowledge and foresight needed to navigate and capitalise on the opportunities emerging in Southeast Europe’s evolving energy markets.