The expert spoke about the factors of supply deficit on the European gas market

Numerous factors affect the shortage of supply on the European gas market, one of which is US President Donald Trump's new energy policy regarding European countries, Iqbal Guliyev, deputy director of the International Institute of Energy Policy and Diplomacy at the Moscow State Institute of International Relations, told Izvestia on January 21.

"At the moment we see European underground gas storage facilities filled to about 60%," Guliyev said.

According to him, the European gas market may be affected not only by the natural and climatic situation, but also by the cancelation of pipeline gas supplies from Russia. Despite this, there has been a significant increase in the transit of liquefied natural gas (LNG) from Russia for European countries since the beginning of 2025.

"Another significant element is Trump's new energy policy towards European states. Trump intends to strengthen his economic position in the European gas market and promote the idea of increasing the volume of US gas in the region," Gulimov explained.

According to the specialist, Qatar is acting as one of the leading LNG producers and is becoming an important supplier for the European market.

"Asian and European markets also play an important role due to the fact that if the premiums in the Asian markets are higher, then the world suppliers will also send their LNG tankers exactly to the Asian market. Therefore, I cannot say that we will see another big energy crisis in Europe, but nevertheless the situation will worsen," Guliyev summarized.

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Earlier, on January 15, Maxim Chirkov, associate professor at the Department of Economic Policy and Economic Measurements of the State University of Moscow, told Izvestia about the negative consequences for the European Union (EU) when Russia refuses to buy LNG. According to him, the refusal to buy Russian liquefied natural gas will lead to the fact that the EU countries will be forced to buy it at an inflated price, as it is determined by the market level, which is currently higher than the prices in the fixed long-term contracts.