1 Jul 2014
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American LNG to Rival Russia in Europe
posted by Unknown @ 13:19 1 Comments
The liquefied natural gas (LNG) business in the US
is growing so fast that many experts believe it may soon rival that of Russia
in the European market. American gas is
likely to make a serious challenge to the more expensive supply currently
provided by Russia .
New production all over the world could as much as double LNG output by 2018, this according to industry estimates. "We believe that the European gas market will be a balancing market for global gas," says Birger Balteskard, global LNG marketing manager for ConocoPhillips.
New production all over the world could as much as double LNG output by 2018, this according to industry estimates. "We believe that the European gas market will be a balancing market for global gas," says Birger Balteskard, global LNG marketing manager for ConocoPhillips.
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