By 2020, the U.S. could become the world’s third-largest LNG producer, cutting into Russia’s natural gas exports revenues and further weakening its economy.
By 2020, the U.S. could become the world’s third-largest LNG producer, cutting into Russia’s natural gas exports revenues and further weakening its economy.
Ever since Moscow decided to up the ante and invade the Crimean peninsula, shale gas reentered journalist lingo. Many have chipped in the debate, including Speaker of the House John Boehner who has argued that American gas is the sole remedy for Russia’s dominance of the European energy market. His diagnosis was that since natural […]
Like many other African countries, Mozambique has enormous potential, but there are many gaps to fill. Led by its natural resources, the economy has been booming with real GDP growth reaching 7.4 percent in 2012, seven percent in 2013 and is predicted to reach 8.5 percent between 2014–16, according to the World Bank. London based […]
As the geopolitics and technology of natural gas continue to change rapidly—with such developments as shale gas production and Liquefied Natural Gas (LNG) transport—the European community would do well to consider the strategic value of supply diversification. Crises in 2006 and 2009, both the result of intentional supply decreases from Russia, highlight the risks of overdependence on any one source for this vital commodity. But overreliance on Russia is not the only possible source of distress for the European market: from environmental concerns to instability in other potential supplier nations, every natural gas supply comes with its own set of challenges and risks. For this reason, an “all sources” strategy for natural gas production (one that spreads the risk and minimizes the impact of a reduction in any one source of supply) should characterize the European approach in years to come.