American LNG: an opportunity for greater energy security in Europe

Effective diversification of gas supply has always proven to be difficult for Europe, a net importer of energy, for obvious reasons interested in maintaining high levels of security of supply of energy resources. A new opportunity, however, to redress existing excessive market dependencies, may arise with the export of liquefied natural gas (LNG) from the United States to Europe, but it will require changes in American legislation and the expansion of European gas infrastructure.

Europe-U.S. LNG Roundtable I. Views from Europe and the US

Europe-U.S. LNG Roundtable I. Views from Europe and the US

LNG is seen by Brussels as a key alternative to increasing gas supplies in case of serious shortfalls. However, there is no common framework in place for an EU-wide LNG strategy at the moment. A first Europe–US LNG roundtable will take place in Brussels, on the 27th and 28th of May. The aim is to create a platform for an exchange of ideas between partners from the U.S. and Europe, on how expanded trade in natural gas between them could benefit both sides of the Atlantic, and contribute to greater fuel diversity and energy security in Europe. It is a timely and important debate to underline industry’s needs, not least because of the ongoing negotiations of the TTIP agreement. In this context, the co-organisers of the roundtable answered the CEEP Report’s LNG-related questions.  Read more. [...]
Europe-U.S. LNG Roundtable I. Views from Europe and the US

Europe – U.S. LNG Roundtable I

Central Europe Energy Partners, together with LNG Allies and ATKearney, is organising the first Europe-U.S. LNG Roundtable, on the 27th-28th of May, in Brussels. This constitutes a platform for an exchange of ideas between partners from the U.S. and Europe, on how expanded trade in natural gas between them could benefit both sides of the Atlantic, and contribute to greater fuel diversity and energy security in Europe. It is a timely and important debate to underline industry’s needs, not least because of the ongoing negotiations concerning the TTIP agreement. On the 25th of February, the European Commission introduced the Energy Union Strategy, a long-term plan with the objective to secure the supply of energy, reduce greenhouse gas emissions, improve energy efficiency, and lower Europe’s oil dependence. This strategy also includes actions “to explore the full potential of LNG” storage and supply, focusing on the development of the internal market and increasing interconnectivity. LNG is seen by Brussels as a key alternative to increasing gas supplies in case of serious shortfalls; however, there is no common framework in place for an EU-wide LNG strategy for the moment. Miguel Arias Cañete, Commissioner for Climate Action & Energy, declared, during an ITRE Committee Meeting taking place on the 24th of March, that the EU would both explore the full potential of LNG and present a comprehensive LNG strategy, which would include the necessary transport infrastructure, given that LNG is an important element in diversifying the EU’s gas supply. Key Members of the U.S. Congress, U.S. government officials, EU Commissioners, Members of the European Parliament and representatives of energy companies from the U.S., [...]