LNG

EU optimism on US LNG seems a long shot for now

Brussels is hopeful US LNG will play a key role in strengthening Europe’s security of supply, but there are few signs yet the US will gain a significant market share in the region Brussels is hopeful US LNG will play a key role in strengthening Europe’s security of supply, but there are few signs yet the US will gain a significant market share in the region.
By Andreas Walstad 17 July 2018 0 31778
Rick Perry and Maros Sefcovic at the EU-US Energy Council meeting. US Energy Secretary Rick Perry (left) and EU Vice President for Energy Union Maroš Šefčovič at the meeting. (EC)

Much attention was given to LNG exports during last week’s EU-US Energy Council in Brussels, with the European Commission hopeful additional cargoes from the United States will help Europe to diversify its gas supplies away from Russia.

“The rise of the LNG market – and namely additional supplies from the US – could be a real game-changer in our diversification effort and in […] boosting energy security in Europe,” Maroš Šefčovič, the commission’s vice president for energy union, told journalists after the meeting...