Is the Eastern Mediterranean a New Competitor for Russia on the European Gas Markets?

... in 2015, Russia’s Gazprom exported almost 160 billion cubic metres to Europe. Even if all of the Eastern Mediterranean gas went to Europe in the coming five years, its share in the European gas import would be below 8 per cent. Figure.2. Large Gas Fields in the Levant Basin Is Europe an Attractive Market for Gas? Or Are there Other Markets? Europe will increase its gas consumption over the next few years. Experts from the Oxford Institute for Energy Studies predict that demand for imported gas growing by 88 ...