Vestnik Kavkaza: Three Gas Sources for Europe

“Liquefied natural gas from the USA won’t save Europe from Gazprom in the near future. In the USA the energy power industry and production of LNG are controlled by private companies which will react to market factors rather than political orders. Today LNG prices are much higher in Asia than in Europe; and if the US becomes a serious LNG exporter, the majority of LNG carriers will be sent from the US to Asia,” the Center of Energy Expertise cites Jeffrey Mancoff, the deputy director of the office in Russia and Eurasia of the Center of Strategic and International Studies.

According to him, Europe will probably seek alternative gas sources, especially through the South Corridor: “Today it is Azerbaijan, in the future it could be Iraq or Iran, Turkmenistan, or some combination of all of these countries, so that the EU has several gas exporters.”

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