The competition for a stake in the European gas market is heating up in 2019, which promises to be an important year. The outcome of this contest will have a long-lasting effect. Two interconnected but separate developments are having a substantial impact on Europe’s energy imports. On the one hand, the shale revolution in the U.S. is producing massive amounts of natural gas, which is supercooled as LNG and shipped overseas. On the other hand, Europe’s long-time supplier, Gazprom is working on additional pipeline infrastructure such as Nord Stream 2 and Turk Stream to secure its market share in the wake of increased competition. The American natural gas industry developed itself into a significant exporter and has increased the stakes for Russia’s state-owned energy giant Gazprom. Russian officials, for a long period, were in denial of the negative consequences as a result of American LNG exports. However, Sergei Komlev, […]