Australian LNGCommodities

There’s one more calamity ahead for LNG

David Llewellyn-Smith
Friday 22 April 2016
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Bloomie has a terrific piece on the gas being disgorged all over Europe:

Europe is awash with low-priced natural gas, thanks to Russia and Norway using a Saudi-like tactic to hold market share.

…Russia and Norway have been dominant suppliers to the region since the first pipelines were laid more than four decades ago. Their combined first-quarter shipments rose 18 percent from a year earlier, according to Bloomberg calculations based on data from Gazprom and Gassco AS, Norway’s network operator. Together they provide more than half the region’s natural gas, according to lobby group Eurogas.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.