U.S. Shale Boom Reduces Russian Influence Over European Gas Market

U.S. Shale Boom Reduces Russian Influence Over European Gas Market

Rigzone ^ | Thursday, November 24, 2011 | Karen Boman

Posted on Saturday, November 26, 2011 10:38:52 PM by Rabin

According to a study by Rice University’s Baker Institute…

The U.S. shale gas boom has not only virtually eliminates the need for U.S. liquefied natural gas imports for at least two decades, but significantly reduced Russia’s influence over the European natural gas market and diminished the petro-power of major gas producers in the Middle East and Venezuela…

(Excerpt) Read more at rigzone.com …

via U.S. Shale Boom Reduces Russian Influence Over European Gas Market.