Russia's European gas monopoly in jeopardy as U.S. starts supplying Europe

23:20, 18 November 2015
Economy
343 0

The first export of U.S. gas to Europe will be delivered to Lithuania's new LNG terminal in February, threatening to end the Russian Gazprom's monopoly.

EU regulators see LNG as the solution to rising Russian market dominance as they challenge the legality of Russia's Gazprom's pipeline strategy aimed to boost European sales, Ukraine Today reported citing Reuters.

Meanwhile, Ukraine’s Naftogaz warned the European Commission that Russia’s gas expansion in Europe may be delayed, but not thwarted, by sanctions.

See unian.info’s video section for more of the latest news from Ukraine in video from Ukraine Today, Ukraine’s 24-hour English-language news channel.

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