Igor Shuvalov is Russias first deputy prime minister. He says he is not worried about threats by those countries to buy natural gas from the United States. He says Russia can easily sell its natural gas to other countries. And he says it will be more costly for European countries to buy natural gas from the US.
It will force Europeans to invest in new infrastructure to buy gas from the United States and other parts of the world. You will pay for this more. It will mean that the consumers will pay more, but Russian gas will be consumed by someone else in other areas of the world.
American natural gas that flows through places like the eastern state of Maryland could help European countries, but not for a few years. At one of those terminals a new area is being built that will turn natural gas into liquid. Then the liquid can be shipped to Europe. But it is like similar plants being built in the US. It will not be completed until 2017. And when it does open, the terminal in Maryland will send all its gas to India and Japan.
Energy expert Paul Bledsoe is a senior fellow at the German Marshall Fund of the United States. He says other countries will provide natural gas to Europe before the U.S. does.
The first places are going to be a southern pipeline from Central Asia, from North Africa, and from their own resources. What were talking about, though, is broadening the available resources globally for gas generally, essentially globalizing the natural gas market.
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