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
Reality bites for Canada
27 March 2017
Canada's export plans are among the world's most ambitious. And slowest to get moving
The US builds for the future
27 March 2017
Rapid rebalancing of the world's seaborne gas market will be crucial to the success of US exports
Glimmers beyond the glut
27 March 2017
Global exports are heading for a hefty surplus. It will take a brave developer to sanction a sizeable new plant without lining up buyers first