Novak explained why Europe will not be able to completely replace Russian gas with LNG supplies

“Experts warn Europeans to bet on LNG, as it will not be able to replace Russian gas supplies.

But even a partial refusal of Europe from Russian gas in favor of liquefied gas can cause another wave of the gas crisis in Asia,” he wrote in his column for the Energy Policy magazine.

According to Novak, after the reduction of the "Asian premium", LNG was redirected to Europe, and the flow of natural gas from LNG import terminals in January 2022 reached an all-time high.

Earlier, the expert of the Federal Institute of Geosciences and Natural Resources (BGR), Martin Pine, said that Germany would not be able to quickly find a replacement for Russian gas, coal and oil in the event of a stop in supplies.

According to BGR, Russia accounts for about 34% of oil imports, more than 50% of gas and 45% of hard coal.