Reuters: U.S. and Russian Gas Exporters Square Up Over Europe

The first export of U.S. gas to Europe will head for Lithuania, two industry sources say, a gesture to the Baltic states, reliant on Russia for supply, and the likely first shot in a price war over market share in Moscow's backyard.

The February delivery will be of U.S. liquefied natural gas (LNG) transported by sea to custom built terminals, challenging Russia's land locked pipelines, as producers turn from the wilting Asian market to Europe.

Read the full article HERE.