OGJ: US LNG exports to have little effect on Europe

LNG exports from the US—if and when they happen—based on surplus natural gas from shale development will have little if any effect on the European gas supply scene. That’s according to E.On Energy Trading Chairman Klaus Schafer,

The immediate effect of shale gas development in the US, said, Schafer, was to divert LNG shipments away from the new and growing import capacity there. That effect has been absorbed by the markets, he said.