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15 Pages

The impact of Russia's gas export strategy on US LNG

The impact of Russia's gas export strategy on US LNG

Report summary

With European LNG imports, including from the US, set to grow over the next 5 years, there is much speculation about Russia’s likely response. Will Russia’s gas strategy mimic that of Saudi Arabia’s oil strategy, will it seek to retain market share in Europe, pushing European gas prices to levels that force the shut-in of US LNG exports? Using Wood Mackenzie’s Global Gas Model, we have analysed the key factors that will influence US LNG export utilisation, including Russia’s export strategy.

What's included?

This report includes 2 file(s)

  • The impact of Russia's gas export strategy on US LNG PDF - 544.02 KB 15 Pages, 4 Tables, 21 Figures
  • The impact of Russia export strategy on US LNG.xls XLS - 1.41 MB


This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
  • Introduction
    • An oversupplied global gas market
    • Europe: the battleground for Russian gas and US LNG
  • Sensitivity analysis
    • Methodology
      • Russian contracts supply and pricing
      • Determinants and cases
        • Determinants
        • Sensitivity results
          • Outcomes
            • High oil price
            • Low Oil Price
            • Discussion
              • US LNG exports
              • Russia
                • Russia pipe capacity and delivered cost
                • Europe market share
                • Profitability
              • Conclusions

In this report there are 25 tables or charts, including:

  • Executive summary
  • Introduction
    • Global and European market flow changes 2015 to 2020 (Wood Mackenzie Base Case H2 2015)
    • Russia Pipe Imports to Europe (H2 2015 Wood Mackenzie Base Case)
    • LNG Imports to Europe (H2 2015 Wood Mackenzie Base Case)
  • Sensitivity analysis
    • Russia contract volumes and pricing
    • Russia contract volumes to Europe and spare supply capacity
    • Pricing sensitivity matrix
    • Pricing sensitivity results 2017 to 2020
    • High oil price
    • Europe Market flows 2020: High oil price
    • Europe Market Flows 2015 vs 2020: High oil price
    • NBP Price Outlook annual: High oil price
    • NBP Price Outlook monthly: High oil price
    • Low oil price
    • Europe Market flows 2020: Low oil price
    • The impact of Russia's gas export strategy on US LNG: Image 11
    • NBP price outlook annual: Low oil price
    • NBP Price outlook monthly: Low oil price
    • US LNG Flows: High oil price
    • US LNG Flows: Low oil price
    • Russia pipe export capacity vs sensitivity flows 2020
    • Russia delivered cost (2020)
    • Russia Europe market share: High oil price
    • Russia Europe market share: Low oil price
    • European Exports - Russia Profit (2017-2020): High oil price
    • European Exports - Russia Profit (2017-2020): Low oil price
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