Europe faces change and competition on global LNG markets

Huge ships are transporting LNG across the globe (photo: dpa)
Huge ships are transporting LNG across the globe (photo: dpa)

Global gas markets are experiencing significant change following the unconventional gas revolution in the United States. Russia’s annexation of Crimea has also focussed the European Union’s attention on expanding its LNG imports and diversifying its energy supplies away from a reliance on Russia. But Europe will have to compete for supplies with the Asian markets

<i>The European Union has declared its interest in further diversifying its gas and LNG imports following Russia’s annexation of Crimea. This will reduce its gas dependence on Russia. But the next decades will experience a continued shift from the Atlantic Basin to the energy and LNG-hungry countries of the Asia-Pacif...

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