WASHINGTON (Sputnik) — The United States will challenge Russia as an energy exporter to European and Asian markets, research firm Energy Security Analysis, Inc. President Sarah Emerson told Sputnik on Monday.
“I think we are going to be competitive in Asia. I think we will be competitive in Europe,” Emerson said of future US-Russian energy rivalry.
In the past decade, US total dry natural gas production has increased by more than 35 percent, according to the US Energy Information Administration.
“I do not think we are going to have a wave of LNG initially,” Emerson said of potential US exports to European markets.
The impact of new US energy exports on Russia is “a game of inches,” Emerson noted. Any new US energy exports will mean “a little bit” of Russian natural gas that is not purchased on the European market, she explained.
The focus on Asian markets is concentrated because of the high returns for exporters, Emerson explained. “Everyone is hoping the Asian prices will stay high,” she said.
Emerson added, it is more likely prices in the Asian markets will stay high, compared to Europe, where the price is likely to level off.
Energy Security Analysis, Inc. provides detailed analysis of energy and power markets and explains future market trends, according to the firm’s website.
