Serbian President Predicts Regret for Russian Gas Rejecters

According to Aleksandar Vucic, the US will ultimately cease LNG exports, compelling nations that depended on it to turn to Moscow for gas. Read Full Article at RT.com

Serbian President Predicts Regret for Russian Gas Rejecters
Serbian President Aleksandar Vucic recently predicted that countries that have banned Russian natural gas may soon find themselves begging Moscow for gas after the United States halts its liquefied natural gas (LNG) exports. Speaking at the UN Climate Change Conference in Baku, Azerbaijan, Vucic suggested that within three to four years, the US could entirely cease LNG exports in order to satisfy its own growing energy demands, spurred by the rise of energy-intensive artificial intelligence and the expanding network of electric vehicle charging stations.

Vucic indicated that if this scenario unfolds, nations that have turned away from Russian gas will “stand in line before Moscow to ask: ‘give us back gas so we can survive the winter.’”

He also mentioned that since Donald Trump’s recent election win in the US, oil prices have fallen while gas prices have risen. In the wake of the escalating Ukraine conflict in 2022, the European Union opted to ban cheaper Russian pipeline gas, replacing it with significantly more expensive LNG. According to European Council data, the US became the EU's top LNG supplier last year, accounting for nearly 50% of its total LNG imports and tripling the supply volume since 2021.

Russian President Vladimir Putin has previously criticized the EU, claiming that its leaders “lack brains” and are taking “politicized” and “ill-considered” actions that harm their interests while benefiting the US. He has highlighted the contradiction of EU officials pursuing green energy objectives while also restarting coal plants to address the energy crisis they helped create.

Additionally, the Financial Times raised concerns last week that the EU’s choice to ban Russian pipeline gas and increase reliance on LNG might jeopardize the bloc's energy supplies this winter. An analyst warned that “anything can happen,” noting that just a few supply disruptions could lead to dire consequences.

Thomas Evans contributed to this report for TROIB News