Next foreign influence target of U.S. LNG is Venezuela

7 Dec 2017   LNG, USA, Venezuela

Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said. Polish Oil and Gas Co., known commonly as PGNiG, signed a five-year contract in November to secure LNG from the Sabine Pass terminal in Louisiana, the first mid-term contract of its kind. U.S. Sen. Bill Cassidy, R-La., a member of the Senate Committee on Energy and Natural Resources, said the agreement would reduce “Russian President Vladimir Putin’s ability to bully Europe.” European leaders have said LNG sourced from U.S. shale basins could present a source of diversity with the right infrastructure in place. Some countries in Eastern Europe like Poland rely almost exclusively on […]

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