Georgia Leak Highlights Rising Reliance on Russian Natural Gas and Market Implications

Georgia is facing political and market scrutiny after a leaked draft decree suggested the country’s dependence on Russian natural gas is increasing, with Tbilisi reportedly paying higher prices for Russian supplies than in previous years. The disclosure follows Gazprom’s announcement that its exports to Georgia rose 40.4% in 2025 versus 2024, underscoring Russia’s broader push to expand energy flows to southern markets. The development highlights Georgia’s shifting energy balance at a time when regional security and diversification away from Russian energy remain key concerns for investors tracking European and Eurasian gas dynamics, including benchmark contracts such as Natural Gas.

Over the past month, Natural Gas prices have climbed about 27.41%, reflecting tighter market conditions driven by geopolitical risk, seasonal demand, and supply-side uncertainties. From a technical standpoint, the 1-day signal for natural gas currently stands at Buy, suggesting short-term upward momentum, though volatility in the underlying fundamentals—such as changing trade routes and shifting reliance on Russian supply—may continue to influence price action and risk assessments. Investors can explore more updates, prices, and analysis across global markets at Commodities.