Vestnik Kavkaza: Russia will face serious competition in the gas sphere

Questions concerning supply of gas and competition in the gas market have been on the agenda in recent weeks. Director of the Center for World Energy Markets Studies of the RAS Institute for Energy Studies Vyacheslav Kulagin spoke about prospects for Russian gas in the world market and its main competitors.

The expert noted: "In the context of its own production, in the context of the uncertain situation with demand, we predict that demand will stabilize and even reduce in the European Union, but in general in Europe, including Eastern countries and Turkey, it will grow a bit. "

"We will face serious competition. At the moment we are in different conditions, a different market which will take anything for any price. The market is ready to take huge volumes, but only if the volumes are competitive in comparison to shale gas which can come from the USA and to new projects of production of LNG," Kulagin said.
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