An analysis of Gazprom’s presence in the European gas market in recent years shows that the company has generally been able to adapt to new business conditions. While Gazprom’s share of the European gas market is likely to decline in the medium term and gas prices will tend to decline, the Russian supplier’s position will remain strong, including in Central and Eastern Europe. The outcome of the tripartite consultations on the signing of a contract for the transit of Russian gas through the territory of Ukraine to EU countries, in particular the signing of the minutes of the governmental meeting of representatives of Ukraine, Russia and the EU on December 20, 2019, is estimated by the European side as a compromise between Ukraine and Russia, which minimizes the risks of winter 2019/20 season for Central and Eastern Europe.

On October 9, 2019, “Oil - Gas - Chemistry 2019” conference was held in Warsaw. The conference was attended by representatives of Polish and foreign companies in the oil and gas and petrochemical industries. The conference was mainly devoted to consideration of intensive energy reforms. According to the participants of the event, the revolution in shale oil and gas production in the USA, which created new opportunities for energy independence of the countries of Eastern Europe, is a stimulating factor of fundamental changes and development of new energy projects.

Reporting result of participation of Cepconsult s.r.o. in the Central European Energy Conference 2019 in Bratislava, Slovakia on November 18-19, 2019.  Over the next 3-5 years, the key efforts of the regulators of the European energy market will be directed to the development and modernization of  infrastructure of the electricity market, which is prioritized among other types of energy (mechanical, chemical, thermal, nuclear).

Reporting result of participation of Cepconsult s.r.o. in the Central European Energy Conference 2019 in Bratislava, Slovakia on November 18-19, 2019. In the next 3-5 years, expanding the LNG supply to the EU member states remains one of the priority areas for the development of the European energy market, within the framework of achieving the goals of the Energy Union. The main arguments for expanding the European LNG market are: the possibility of reducing dependence on Russian gas and use of coal; the global LNG market provides flexible and diversified supplies; competition between suppliers contributes to the formation of favorable for the European market LNG prices.