Gulf News: Europe ignores Russian gas to its disadvantage

The gas war between Russia and the West has been limited to the verbal so far and not seen any casualties except for the cancellation of the South Stream project.

The problem is not between Russia and Europe, except for the fact that Ukraine is in between and that the US is exploiting the situation for possible huge exports of its gas in the future.

The ‘Telegraph’ said in an article that ‘The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas” and ‘posing a major threat to Russian gas dominance in Europe’. It quotes the US Energy Secretary Ernest Moniz that ‘four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest’.

Read the full article HERE