Possibly, but you wind up in the situation that parts of the US have had. Once conservation methods were put in place when fuel prices dropped the demand took years to get back where it was.
There are several amusement parks in the US with massive solar farms and battery storage. During the hottest days of the summer they are using a fraction of the grid power that they used to.
When natural gas prices dropped and the additional generation / distribution capacity could be built for a good price. It was at a much smaller scale. Which kept the price of the gas down since less was used.

Same with other forms of generation. Wind is 2.5x the solar capacity in the US. (Not counting home rooftop solar) Why, because there are many areas where the wind never really stops during high demand. When gas was down, they kept building wind farms. Not because they were cheap, not because they had an economic advantage over gas fired plants, but because these places had suffered through gas price spikes (power price) and would rather pay a little more all day every day then worry about tomorrows price being 2x todays and the day after being even more.

We are seeing that here in parts of upstate NY, pay more every day but not give a crap about gas price since it's all hydro power. If the water stops flowing downhill it means gravity is broken and we all have bigger problems :-) This is also why a lot of mining operations are moving to NY [pre-built data centers that are no longer in use is the main one by far] But, power that although expensive by comparison to other places, is really not going to vary much in price since it is hydro.

So yeah, Russia has pulled the ramp up the gas prices more then once. It could be this time it could be next time it could be the time after that. But sooner or later it's going to be, "Nah, keep your gas we're good"

 -Dave