Where will Russia’s oil and gas go?

WITH global energy supply chains in the midst of a historic reroute, one question is whether Russian oil and gas, soon to be sidelined by the European Union (EU), could find their way to Asia – for consumption or even for laundering.

“If the EU starts buying gas from other sources, it will put pressure on prices from those sources as it will probably create a discount for Russian gas,” Antonio Fatas, economics professor at business school Insead, tells The Business Times.

And if Russia is not sending all that fuel to Europe, it could be interested in selling even more to Asia and possibly at a steeper discount, says Olga Khakova, deputy director for flagship convenings and global engagement at the Atlantic Council’s Global Energy Center.