EU Wants To Slow Russia Gas Spigot

EPA/LEX VAN LIESHOUT

The LNG ship Arctic Voyager in the Netherlands. Liquefied natural gas from the US could help Europe lessen its dependence on Russian gas supplies.

American LNG boosts EU’s diversification hopes


As Russia and the West enact sanctions and countersanctions over Moscow’s annexation of Crimea, the European Union more than ever is seeking ways to reduce the 28-coutry bloc’s dependence on Russian gas supplies. Europe buys around 30% of its gas from Russian gas monopoly Gazprom. In that context, liquefied natural gas (LNG) from the US could be a feasible solution, Shane DeBeer, an expert on Russian law at Dechert LLP, told New Europe.

The question is whether US gas will reach ...


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