Markets are calm due to growing LNG supplies, pipeline alternatives to Ukraine and the realization in Russia that the EU is serious

Markets are calm due to growing LNG supplies, pipeline alternatives to Ukraine and the realization in Russia that the EU is serious about promoting renewables and cutting fossil fuels. “Finally, people in Gazprom are starting to realize that renewables are a tangible threat for the gas business and the political decisions currently being made in Europe are serious,” says Sergey Kapitonov, a gas analyst at the Energy Center of the Moscow School of Management Skolkovo.