Finance

Russia ready to supply gas to the EU if it has surplus, TASS reports

Published by Global Banking & Finance Review

Posted on April 12, 2026

1 min read

· Last updated: April 13, 2026

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Russia ready to supply gas to the EU if it has surplus, TASS reports
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MOSCOW, April 12 (Reuters) - Kremlin spokesman Dmitry Peskov said on Sunday that Russia is ready to continue supplying gas to the European Union "if there are volumes remaining after supplies to

Russia ready to supply gas to the EU if it has a surplus, TASS reports

Russia's Position on Gas Supplies to the European Union

Current Gas Supply Situation

MOSCOW, April 12 (Reuters) - Russia is ready to continue supplying gas to the European Union if there are volumes remaining after supplies to alternative markets, Russian state news agency TASS reported on Sunday.

Alternative Markets and Demand

"There is plenty of it for now. But alternative markets are very voracious, there are a great many requests for supplies," Kremlin spokesman Dmitry Peskov was quoted as saying.

Europe's Gas Procurement Options

Alternative Sources for Europe

However, Europe will find a way to buy gas even if Russia does not supply it, Peskov said.

Global Gas Liquefaction Capacity

"There are so many gas liquefaction plants, both in Europe and in the Middle East, that this process, this spot market, functions like a living organism," Peskov added.

Reporting Credits

(Reporting by ReutersEditing by Bernadette Baum and David Goodman)

Key Takeaways

  • Russia is offering to supply the EU gas only if surplus remains after fulfilling other markets.
  • EU is actively phasing out Russian gas, aiming for a full import ban by end‑2027, accelerating diversification efforts.
  • EU now sources around 10‑13 % of its gas from Russia, down markedly from over 40 % before the Ukraine war.

Frequently Asked Questions

Is Russia ready to supply gas to the European Union?
Yes, Russia is ready to supply gas to the EU if surplus volumes remain after fulfilling commitments to other markets, according to the Kremlin.
What did Kremlin spokesperson Dmitry Peskov say about gas supplies?
Dmitry Peskov stated Russia is prepared to continue supplying gas to the EU if there are surplus volumes after supplying alternative markets.
Will the EU be able to buy gas if Russia does not supply it?
Yes, according to Peskov, Europe will find a way to buy gas even if Russia ceases its supply.
Who reported Russia's readiness to supply gas to the EU?
Russian state news agency TASS reported the statements from Kremlin spokesman Dmitry Peskov.

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