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Shell sees ‘minor’ impact in higher U.S. gas exports to Europe

Screen Shot 2014-02-10 at 16.29.29Extract from a Reuters article by Meeyoung Cho published Monday 24 March 2014

GOYANG, South Korea (Reuters) – Growing interest in sending more U.S. natural gas to Europe does not hold a big threat for Asian gas markets, although such exports would help improve spot market liquidity for the super-chilled form of the fuel, a Shell executive said on Monday. Tension over the future of Ukraine is prompting the European Union and United States to look at deepening their economic ties. Europe is hoping to tap the abundant energy resources of its key ally to reduce dependence on Russia, which feeds a bulk of the region’s gas demand.

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