Forbes: The U.S. Cannot Compete With Russia In Europe's Natural Gas Market
Will the U.S. be able to compete with Russian natural gas in the lucrative European gas market? For those who think that Washington’s support of Ukraine is about energy, this may warrant another look. The U.S. is far from ever becoming a major supplier.
I used to think that the U.S. was positioning itself to be a big supplier of liquefied natural gas to the European Union. And with that came the lobbying against Russia’s Gazprom in its core market. The notion was that the Washington could use the budding anti-Russia sentiment that was kick-started by the year-long Ukraine crisis to position the U.S. as an alternative energy source for Europe.
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