Great expectations: LNG on the European gas market
Great expectations: LNG on the European gas market
Author(s): Agata Loskot-Strachota
Subject(s): Energy and Environmental Studies, Economic policy, Environmental and Energy policy
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Sabine Pass terminal; liquefied natural gas (LNG); European gas market
Summary/Abstract: The first shipment from the Sabine Pass terminal on 24 February 2016 marked the beginning of US liquefied natural gas (LNG) exports. Two large Australian terminals also commenced operation in the first quarter of this year. LNG is becoming increasingly available on the global markets. By 2020 the new export infrastructure, located above all in Australia and the United States, is expected to boost the global potential of LNG exports by 40%. The presence of new players and the increased volumes of gas available on the market will most likely lead to an evolution of the rules of LNG trade: contracts will become more flexible, and price formulas will be changed.
Series: OSW Commentary
- Page Count: 8
- Publication Year: 2016
- Language: English
- Content File-PDF
