Hydrocarbon Processing: US to rival Russia in European LNG supply
With the boom in shale gas production in the US, the country is anticipated to challenge Russia's LNG monopoly in Europe by the end of the decade. Europe is becoming increasingly reliant on imports.
With the boom in shale gas production in the US, the country is anticipated to challenge Russia's LNG monopoly in Europe by the end of the decade.
Europe is becoming increasingly reliant on imports as its domestic gas fields mature, and it will require additional sources of LNG supply.
New LNG projects in the US, Australia, Russia, East Africa and Canada could double global LNG production to 600 million tons per year from 2018. MORE