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Russian gas export strategy

Russian gas export strategy

From Russia’s standpoint, the issue of energy security in EU–Russia energy relations is overwhelmingly oriented towards security of supply.

The risk of US LNG presents a clear threat to Gazprom’s position in Europe, especially as gas from North America is being presented in some quarters as a political solution to the EU’s security of supply issues.

There is a distinct lack of a conception of energy security as security of exports and demand. Gazprom might consider a strategy to flood Europe with cheap gas in 2016 to kill off US LNG.

Gazprom can produce and export gas to Europe at a much lower cost than LNG from across the Atlantic, and this approach would mirror Saudi Arabia’s strategy of keeping oil production elevated in order to protect market share.

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Global Resource Politics: the Past, Present and Future of Oil, Gas and Shale

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