Platts: LNG Unlikely to Replace Russian Gas Flows to Europe Until 2020: Experts

Russia will continue to provide competitive natural gas deliveries to Europe until mid-2020 and there is a limited possibility that other sources including LNG supplies, will offset Russian imports significantly, participants at the Flame conference in Amsterdam said Tuesday.

In the wake of the Russia-Ukraine crisis that began last year, the European Commission had promptly provided an updated energy strategy report, seeking measures to diversity energy sources in Europe to increase security of supply. The report mentioned LNG supply as one of the key additional sources of non-Russian gas into Europe.

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