Gazprom's Overseas Challenge Rising LNG Competition Shakes Up Gas Market

摘要

Today's gas market is experiencing a significant influx of new LNG project that, according to Ernst & Young, could double global LNG capacity by 2025. The rise of LNG is leading to greater competition among gas suppliers and will likely result in lower global prices for natural gas. Yet, such an outcome would negatively affect Gazprom's LNG and dry gas businesses, increasing pressure on the company to offer concessions to its customers in order to maintain its market share.