This session will analyze how both US LNG and Russian pipeline supplies can be beneficial to Europe.

Europe: From market of last resort to destination of choice

• ‘European Henry Hub’ with redundant import capacities for suppliers to compete
• Global LNG as ‘policeman’ for maximum price of pipeline gas
• Relevance of price spreads Asia/Europe for the flow of LNG
• LNG to Europe 2018/2019: from last resort to destination of choice
• China’s rising demand: will the price spread widen again?
• Europe’s rising demand & accelerated decline of production: is it wise to close out pipeline suppliers willing to compete?
• Status of Nord Stream 2
• Tracking timelines for gas from Nord Stream 2, how much is expected and when
• Nord Stream 2 might save the day: the real risk of Ukrainian transit expiration