At the EPRG's event "A new Gas Paradigm in Eastern Europe?" that took place on 17. October 2017 at CEU, Michael LaBelle, Associate Professor and Jean Monnet Chair in Energy and Innovation Strategies at CEU discussed that after the failed gas pipeline projects, such as South Stream and Nabucco LNG could bring a new era for the region offering more competitive and consumer-focused gas supply. Akos Lotz, Researcher at the Center on Global Energy Policy, Columbia University argued that LNG demand is still low in Europe which is the least favorite destination for LNG.