Supplies of Russian gas to Europe via Ukraine have already fallen - and been replaced by LNG imports - to such a degree that shutting off the remaining gas that is still flowing through Ukraine would have relatively limited additional impact on European supply, according to a new report by IHS Markit, a world leader in critical information, analytics and solutions. The report, entitled 'Putting Europe's Security of Gas Supply to the Test' by the IHS Markit Global Gas service highlights the reduced role of Ukrainian gas transit in Europe's gas supply. The report says Russian gas flows through Ukraine fell to historical lows in January - 50 million m~3/d, less than half of levels from a year ago. While flows through the Ukraine have swung back up with the beginning of February, they remain half the levels of the period 2015 - 2020.
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