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Russia has competitive edge over U.S. for gas sales to Europe - Putin

 


HAMBURG
Petroleumworld 07 10 2017

Russian gas has a competitive advantage over liquefied natural gas (LNG) exports from the United States to Europe due to lower production and transportation costs, Russian President Vladimir Putin told reporters on Saturday.

However, he also welcomed U.S. efforts to export its LNG to Europe, where Russia accounts for a third of gas supplies, saying this created a "healthy rivalry".

Reporting by Denis Dyomkin; Writing by Vladimir Soldatkin; Editing by Greg Mahlich from Reuters.

reuters
.com
07 08 2017

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