Problem solved?
American natural gas, flowing through terminals located in various locations including the Eastern U.S. state of Maryland, could help solve the problem...but not yet.
A new section of the plant to enable the Maryland facility to liquefy natural gas and ship it overseas wont be ready until late 2017. Other plants being built are on a similar timeline.
And when it does open, the terminal will send all its gas to India and Japan.
Energy expert Paul Bledsoe, a senior fellow at the German Marshall Fund of the United States, says the U.S. will not be Europes first new source of gas.
The first places are going to be a southern pipeline from Central Asia, from North Africa and from their own resources, Bledsoe explained. What were talking about, though, is broadening the available resources globally for gas generally, essentially globalizing the natural gas market.
Bledsoe says Washington should expedite applications by European countries to import U.S. gas and help Europe develop its own gas from shale gas.
What were really calling for is a joint U.S.-EU plan on natural gas, to diversify the sources of gas for Europe, to reduce long-term prices, to cut emissions and cut dependence on Russia. Theres a tremendous opportunity here, he said.
When that happens, both Europe and America will benefit, according to energy writer and professor Steve LeVine.
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