Abstract
ABSTRACT The rapid growth of US LNG exports is promoted by the US government in Europe as a viable substitute for Russian gas. But is American LNG actually the “game-changer” that some officials claim it to be? At one level it is not, simply because LNG is more expensive than Russian gas and plays a relatively small role in the overall energy mixture used in Europe. Taking a broader perspective, however, American LNG acts as an underwriter of European energy security and deprives the Russian government of the ability to use Europe’s energy dependence to Russia’s political advantage; any attempt by Russia to cut supply or raise prices would be neutralized by increased LNG imports. A combination of EU -level planning, national government measures, and American LNG export essentially force Russia to behave as a normal commercial partner.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
