OilPrice.com: North-American LNG Could Weaken Russia’s Grip On Europe

December 2015 could mark the dawn of a new era – Cheniere Energy is expected to start up the first train of its Sabine Pass LNG export facility, turning the U.S. into a global player in the LNG export market.

But Cheniere Energy has even more ambitious plans. According to Reuters, the Houston-based company has plans to supply Eastern Europe with LNG in just a few years, including a floating regasification terminal off the coast of Croatia. That would allow American-produced natural gas to reach Central and Eastern Europe.

Cheniere is considering floating regasification because an onshore LNG import facility would be expensive and “faces too many roadblocks to succeed,” according to Reuters.

“LNG would allow these countries to participate in the fully global gas market,” a source told Reuters. “Cheniere's goal is not to squeeze out the Russians but to allow for a good mix on the market.”

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