There aren't alternative gas suppliers with pipelines feeding into the EU Grid able to replace the levels from Russia. Their only medium term option is to buy LNG from Canada, USA, Gulf states etc.
Not very economic when you factor in the supplies of an already expensive and limited commodity with also limited means of transportation, are further hampered by hugely increased demand. Great for shareholders and anyone else selling LNG (Like Russians lol)
Limited supply and skyrocketing demand = daddy needs a new luxury yacht
Send everything they have to Ukraine, it hasnt stopped Russians yet and won't. They're just making denazification of western Europe easier.
Well, if anyone think that the EU gas demand will be replaced with LNG has dreams.
IT will be replaced with coal and wood, the installation of new furnances will skyrocket.
Quick back on the envelope calculation :
HEating a mid range home during winter used to cost £800 with gas, and £850 with coal.
Now it will cost around £5000 with gas, or £1600 with coal.
What will be the result ?
Spoiler: not LNG import.
What is cheaper to ship, coal or LNG ?
What mining easier to scale up, LNG or coal ?
Expected a huge explosion of conversion back to solid fuel, and installation of new multifuel boilers and stoves.
Nice chimneys will be erected on the after 80s houses, that lack any solid fuel heating system.
So, there goes all CO2 emission and the air polution norms.
And the "Green party" and "Global Warming" will be a swear word for a while.