09 Aug '17, 4pm

U.S. natural gas has a huge opportunity to displace Russia’s stranglehold on the European market. https://t.co/P8VbwujiSZ

U.S. natural gas has a huge opportunity to displace Russia’s stranglehold on the European market. https://t.co/P8VbwujiSZ

[NEW YORK] The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia's hold on the European market. Russian exports to Europe remain a foundation of the continent's economy, accounting for about 41 per cent of supply in the first quarter of 2017, according to the European Commission. But US sanctions signed last week by President Donald Trump are expected to hit Russia's energy production, potentially crimping supplies to Europe. The sanctions come as US energy output continues to surge. US natural gas production has been rising more quickly than consumption since 2005, positioning the country to become a net exporter of energy next year, according to the Department of Energy. sentifi.com Market voices on: Until last year, the only means for exporting gas were pipeline links to Mexico and Canada ...

Full article: http://www.businesstimes.com.sg/energy-commodities/us-nat...

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