Related Articles
Forward article link
Share PDF with colleagues

Will US LNG lure Gazprom into a price war in Europe?

Cheap supplies from across the Atlantic threaten the Russian firm’s position. How will it respond?

As the long-anticipated surge in global liquefied natural gas output approaches, an increasingly relevant question is how and if existing suppliers into key gas importing regions will react to a supply surplus. It's particularly pertinent for Europe, which is essentially the market of last resort for LNG thanks to its liberalised nature and significant spare regasification capacity. Extra LNG cargoes arriving in Europe will compete directly with pipeline imports to the region, the most important of which come from Russia, supplied uniquely by Gazprom. Its 31% market share is based on long-term contracts that provide flexibility, and this has historically provided European buyers with the op

Also in this section
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG
Keystone XL's first hurdle passed
10 May 2017
The challenges are not over for the pipeline which will run from Alberta to the Gulf Coast