European gas will be historically expensive into 2025

Gas prices have risen as trans-Siberian pipeline gas transit is set to end soon, and Gazprom cut supply to Austria’s OMV

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In this article

  • The Trans-Siberian pipeline closure
  • Alternatives exist
  • Gazprom has cut off OMV
  • Broader picture
  • Geopolitical risks beyond Europe
  • Outlook

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.