WASHINGTON (Sputnik) — US deliveries of liquefied natural gas (LNG) to Europe are more logical move when the required facilities for it are built on the east coast of the United States, US Energy Information Administration (EIA) administrator Adam Sieminski told Sputnik.
"Some of the countries that have expressed a great deal of interest in buying LNG from the United States include Brazil, which got the first shipment, Chile," Sieminski said on Tuesday. "There’s always been expression of interest from Asian countries, including places like Korea, Japan, China, and even some of the European countries, although exports to Europe probably make more sense when the east coast facilities get built."
International Energy Agency (IEA) said in its 2016 Gas Report released earlier in June that global LNG supplies continue to grow despite weak demand on traditional key markets.
Fitch Ratings agency said in May that Europe would prove to be a more attractive market for LNG supplies from the United States than Asia because of lower transport costs.
Washington has long been arguing in favor of LNG exports to Europe, claiming it will help European allies decrease dependence on energy imports from Russia. The cost of shipping natural gas from the United States to Europe remains high and requires sizable infrastructure investment.
