Around 150 mtpa of LNG export capacity will come to global gas markets over 2015-20. While Asia seems unlikely now to be able to absorb it all, Europe emerges as a residual market for flexible volumes. The question is, therefore, which outcome(s) in the global LNG market could set the stage for a battle for market share in the European gas market between LNG suppliers and the incumbent pipeline suppliers, most importantly Russia, and how that country could respond to the potential challenge of large quantities of LNG supplies flooding European gas markets?
Will There Be a Price War Between Russian Pipeline Gas & US LNG in Europe?
- Initiative Future of Natural Gas Markets
- Type Discussion paper
- Date 26 July 2016
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