Can the US LNG and shale gas come as alternative to Russian Gazprom gas in Europe? – Natural Gas Europe

This is an interesting story and well worth a read. Check it out!

Can the US LNG and shale gas come as alternative to Russian Gazprom gas in Europe?.

Once more it highlights for me that Europe does not have an effective energy strategy.

However, there is also room for serious reflection.

Clearly, it is in Russia’s economic interests to sell gas to Europe. At a simple commercial level, Russia has not been paid billions of Dollars for gas by Ukraine – for me this legitimate claim. Meanwhile, Ukraine is in severe financial crisis and dependent upon international handouts. “What happened to the missing billions?” – this is for another day.  Last week, the EU Energy Commissioner was hopeful of finding a solution between Ukraine and Russia – repaying the overdue billions, and starting the gas flowing.

Let’s hope common sense will prevail.

Thoughts?