Platts: US 'shale gas' cannot replace Russian supplies to EU: GECF chief Adeli
Russian natural gas flows to Europe cannot be replaced with supplies from elsewhere, including exports of shale gas-derived LNG from the United States, Mohammed Hossein Adeli, Secretary-General of the Doha-based Gas Exporting Countries Forum, said Wednesday.
Adeli, a former governor of Iran's Central Bank, did not rule out a few "symbolic" cargoes, but said volumes would not be enough to substitute the Russian supplies, not least because US exporters would likely prefer to sell into the higher-priced markets of Asia.
"Shale gas cannot replace [Russian gas]," Adeli said in a question-and-answer session, while speaking at the Moscow Foreign Relations Institute.