Gazprom sees European gas glut in 2021, blames U.S. LNG

Don’t worry Gazprom. More renewables destroy your real competitor coal in Europe and when people find out that they have been sold for fools, gas is the fastest solution. No need to invent cheap excuses – Europe would be oversupplied even if not a drop of LNG hit its terminals. And US LNG always looks towards Asia and Latin America. Just look at how many US LNG business developers try to catch clients in Europe. Exactly – zilch. That shows you how much they care about this market so find better excuses.

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