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Eastern Europe turns to US for gas cooperation

The region has taken another step to boost its intake of US LNG and reduce its dependence on Russia as EU support for gas projects is set to fall The region has taken another step to boost its intake of US LNG and reduce its dependence on Russia as EU support for gas projects is set to fall.
By Anna Gumbau 6 February 2020 Europe & Russia / Pipelines, Storage & Power 0 35000
Revithoussa LNG terminal, Greece. (European Commission)

The key issue: The United States signed an MOU on 28 January with the transmission system operators of 11 central and southeastern European countries to develop the region’s gas infrastructure.

Interfax analysis A new partnership agreement between the United States and southeastern European countries is set to support the development of gas infrastructure and bring more US LNG to the region as the EU looks set to reduce its support for gas networks from 2021.

Although the memorandum of understanding (MOU) is short on details, it...