Gazprom eyes LNG market leaders circle unfazed by US competition
US LNG did not “NOT GO TO EUROPE” because of Russian pipeline gas competition. It went to Asia because Asians pay higher prices. They dont pay higher prices because they are better but rather because they have far fewer options than Europeans. So, Europe is not in a bad place at all in this game. And neither is the US. Asia is their money game, Europe is their dumpster. Gazprom tries to outcompete someone the Americans on the gas dumpster of the world. Nothing to be smug about.
During a board of directors meeting, the company noted that the number of LNG-consuming countries would continue to grow in the long-term as new buyers emerge in the Asia-Pacific region.
