Global Analysis from the European Perspective. Preparing for the world of tomorrow

Gazprom warns Europe of gas shortage without increased Russian imports

Europe will soon experience a gas shortage and price spike if it tries to rely on U.S. gas imports to cover rising demand instead of increasing purchases from Russia, Kremlin energy giant Gazprom told Reuters.The Trump administration has said it intends to level the playing field in energy markets by offering U.S. gas to Europe and Asia, citing a need to reduce what it calls the market-distorting power of actors such as Russia and OPEC.

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