| Author (Person) | Cornot-Gandolphe, Sylvie |
|---|---|
| Publisher | French Institute of International Relations (IFRI) |
| Series Title | IFRI Policy Papers: Études de l'Ifri |
| Publication Date | June 2016 |
| ISBN | 978-2-36567-624-3 |
| Content Type | Research Paper |
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Summary: This study addresses the consequences of US Liquefied Natural Gas (LNG) exports towards Europe, in particular on the strategy of Russia, the EU’s main gas supplier. The shale gas revolution has profoundly changed the US gas scene and the competitiveness of gas on the US market. The abundant resources and sharp rise in production have resulted in surplus production and have driven the US gas prices down. The price spread between regional markets (United States, Europe, and Asia) has led US producers to look for new export opportunities. After a lively debate between advocates of exports, mainly gas producers, and their critics, mainly the major industrial users who were worried about a price increase, US LNG exports started in late February 2016 with the first cargo from the Sabine Pass (Cheniere) liquefaction plant exported to Brazil. Four other liquefaction plants are currently under construction. In 2020, the United States could become the third largest exporter in the world after Australia and Qatar. |
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| Source Link |
Link to Main Source
https://www.ifri.org/en/publications/notes-de-lifri/us-natural-gas-exports-new-rules-european-gas-landscape
Alternative sources
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| Subject Categories | Energy |
| Keywords | Energy Prices |
| Countries / Regions | Europe, United States |
