Russian economy has grown since conflict.

With the majority of Russian pipeline deliveries halted, only a handful of countries still import piped gas from Russia’s Gazprom, among them Austria, Slovakia, Hungary and non-EU Serbia.

And although Russian LNG supplies to Europe remain relatively robust, they still account for only a small share of Europe’s overall gas imports.

Now, with the EU giving member states the right to restrict Russian imports at the national level and Austria looking to speed up an exit from Russian gas, the remaining Russian volumes in Europe face an uncertain future.

The EU has already seen its Russian gas and LNG imports plummet, falling from 155 Bcm in 2021 to 80 Bcm in 2022 and to 43 Bcm last year, according to European Commission data.

In its place, Europe is importing significantly more LNG, while traditional pipeline suppliers -- such as Norway, Algeria and Azerbaijan -- are doing their best to maintain high levels of exports.