Europe to benefit from US exports
Rising US supplies, expanding European demand and much available regasification capacity should increase liquidity in the Atlantic Basin
While Asia-Pacific consumed the lion's share of the extra liquefied natural gas exported last year, the world's second-largest LNG market showed how developed hubs and the steady increase of American supplies are increasing market flexibility in the Atlantic Basin. This let gas buyers limit the effects of short-term supply and demand fluctuations. Gas's steady globalisation is especially visible in the trade between Europe and the US. Industry group Cedigaz estimates that European gas consumption grew by a strong 5% in 2017 from a year earlier, suggesting that the EU gas market expanded to about 315bn cubic metres during the year. According to the EU Commission, preliminary data indicated a
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