Welcome to Week 5
Demand for Russian gas in Europe has stagnated due to the impact of US shale gas on the LNG market, the arrival of cheap coal imports, the increased use of renewables and the dampening effect of the economic crisis on overall gas consumption.
Given the dependence of Russia’s economy on these gas exports, Russian leaders are understandably alarmed at the prospect of such competition.
Could shale revolution lead to the reduction in Russian exports to Europe?
What are Russian strategies to maintain energy dominance in Europe in the face of potential US LNG exports?
Could European countries extract their own shale gas resources, thereby reducing Russian imports?