Impacts of US LNG exports on the supply security of the EU natural gas market
MetadataShow full item record
Advances in drilling technology and production strategies such as hydraulic fracturing and horizontal drilling have made shale gas more accessible and have boosted US natural gas production. The US Energy Information Administration (EIA) expects that indigenous production will exceed consumption and that the US could become a liquefied natural gas (LNG) exporter by 2016. While US natural gas production has boomed, the EU has been increasingly dependent on natural gas imports mainly from Russia. In addition to rising dependency on Russian natural gas, the dispute between Russia and Ukraine has disrupted delivery of Russian gas and has threatened the security of natural gas supply to the EU. This situation has compelled the EU to seek different suppliers to reduce Russian dominance of Russia. Considering 30 percent of EU natural gas imports come from Russia an increase in EU concerns about disruption of the Russian supply has fueled a discussion of US LNG exports. As an alternative to Russian supply, US LNG exports are considered as a solution to mitigate the effects of supply interruptions and overdependence on Russia. Currently the most important question is whether US LNG exports will or will not be a panacea for the EU natural gas market. This study uses US LNG export scenarios to investigate the effects of US LNG exports on the EU natural gas market. Although I primarily expected that US LNG exports would not impact the EU natural gas market, the main findings are surprisingly different from the anticipation. The consequences are: 1.Although US LNG exports are not an elixir for the EU natural gas market to improve its security supply, they will reduce the dominance of certain exporting countries. 2.US LNG exports will not decrease the EU's dependence on its suppliers due to the EU's preference to import US LNG. This situation prevents any improvement of the security of natural gas supply in the EU. 3.US LNG exports will result in a slump in natural gas prices and a rise in natural gas demand in the EU.
Showing items related by title, author, creator and subject.
Final Report: Provision and Inventory of Diverse Aquatic Ecosystem-related Resources for the Great Plains Landscape Conservation Cooperative (GPLCC) Hendrickson, Dean A.; Sarkar, Sahotra; Molineux, Ann (Great Plains Landscape Conservation Cooperative, 2010-11-15)The newly established Great Plains Landscape Conservation Cooperative (GPLCC) is faced with the immense task of having to quickly compile and manage extensive databases or inventories of the biodiversity that it has been ...
Examining the market potential for natural-gas-powered trucks : barriers and opportunities for promoting environmental sustainability and economic prosperity Hazlett, Ryan (2013-05)Over the past decade, public concerns have grown over America's energy use and production. Pushes towards more environmentally friendly and sustainable sources of energy have moved out of fringe politics and into mainstream ...
Discovery of Endangered Mexican Blindcat, Prietella phreatophila, in Texas: Implications for International Groundwater Management and Evolution of the Regional Karst Aquifer Biota Hendrickson, Dean A.; Hernández-Espriú, Antonio; Dugan, Laura; Sprouse, Peter; Dávila Paulín, José Antonio; Krejca, Jean; Gluesenkamp, Andrew; Reddell, James; Smith, Ryan; Howard, Sarah; Johnson, Jack; Garrett, Gary P.; Cohen, Adam E.; García De León, Francisco J.; Wolaver, Brad; Fenolio, Dante B. (2017-07-15)Mexican blindcat, Prietella phreatophila, described in 1954 from a cave system near the town of Múzquiz in central Coahuila state, and considered a Mexican endemic, was listed by the U.S. Fish and Wildlife Service as a ...