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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Dr. Frank Umbach
It may even lose control of markets and pricing at a time when its growing need to reduce dependence on Russian pipeline-gas is getting greater for both economic and geopolitical reasons
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