The partnership between Russia and Europe in the gas supply sector can’t be cut down easily and quickly
The partnership between Russia and Europe in the gas field sector cannot be cut easily, but Europe is concerned with diversification of “blue fuel” supplies against the background of the Crimean events. Europe remembers well interruptions with the supplies in 2006 and 2009, the head of Total Gas & Power Philip Soke stated to the Reuters during the gas congress in South Korea.
“Russia and Europe won’t be able to divorce supplies easily,” – Soke believes. But, according to him, taking into account risk of gas supplies to Europe through the Ukraine, the U.S. authorities may take up problem of export gas supplies more actively.
On the other hand, world gas market doesn’t expect large volumes of American LNG before 2017. The U.S. Ministry of Energy studies over 20 orders for LNG export, but it has given the go-ahead to only six of them since 2011.