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
Global refining capacity is going to keep growing
24 April 2018
Fast-growing markets are adding more plants and eking out gains at older ones. What's coming on, where, and when?
Refiners and finance: who's winning and where?
20 April 2018
Companies that splurged on sophisticated capacity additions, like Repsol and Tüpraş, and the majors with balanced upstream-downstream portfolios will benefit most
Middle distillates take centre stage
20 April 2018
Oil-product demand, especially for middle distillates, is rising more quickly that processing capacity. It's good news for refiners