Introduction. The author analyzes the history, functional features and structure of the European gas market, which has undergone significant changes in recent years. The article describes the main players and infrastructure projects in the European gas market through the prism of geopolitical confrontation in the region.

Materials and methods. Sources and literature on the issues under study can be divided into three groups: official documents on the functioning and structure of the European gas market; statistical data from energy portals; works of scientists and researchers devoted to the functioning of the European gas market and the assessment of the geopolitical situation in the region. The research methodology included analysis and systems approach, content analysis, comparative analysis of statistical data and historical and sociological method.

Results of the study. The European natural gas market is currently at the stage of liberalization. Modern legislative initiatives are aimed at increasing environmental friendliness, energy security and diversification of suppliers.

Discussion. Gas is a key energy resource in the EU. This is confirmed by the list of gas infrastructure projects to be implemented in the coming years. A number of states, citing energy security considerations, seek to impede the development of Russian export infrastructure.

Conclusion. The EU energy policy is aimed at phasing out gas and switching to alternative energy sources. In the next two decades, there will be a gradual decline in imports. At the same time, key exporters will retain their presence in the European gas market.

Key words: gas, LNG, EU, gas market, Russia, USA.
10.56429/2414-4894-2021-38-4-3-18