Georgi Kantchev, Wall Street Journal, explains what’s been going on in the Russian gas industry, here…
“Directly squaring off against U.S. shale exporters, Russia has emerged this year as a major player in the burgeoning market for liquefied natural gas, which is exported across the oceans on special ships. Meanwhile, Russia has been pumping gas into Europe at a record pace in existing pipelines, and to the East it’s close to opening a major pipeline into China, the world’s fastest-growing major gas market.”
”Price has been Russia’s competitive advantage. The June delivery to India, the first under a 20-year deal, was priced at around $7 per million British thermal units, around $1 to $1.50 cheaper than comparable deliveries from Qatar or the U.S., analysts say.”
Do read the whole thing…
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