Gas

China is the third largest importer of US LNG.

Gazprom’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses.

The marginal cost of gas in transport is lower than that of oil-related fuels.

South Korea had the market share at 70% of the orderbook by cbm. followed by Japan (21%) and China (9%).

China accounted for 13% of the exports from Cheniere’s Sabine Pass terminal in Louisiana as of mid-June.

LNG from the United States for Europe is at least 30-40% more expensive than the pipeline gas from Russia.

LNG spot prices for September deliveries in Asia have reached US$10.00 per million Btu.

PGNiG has to buy certain amounts of gas annually from Russia under a long-term deal with Russia’s Gazprom.

Denmark is the last country that has not issued a permit for the laying of the gas pipeline in its exclusive economic zone.

The strategy would help reduce Europe'.s reliance on Russian gas. and the U.S. government is keen to increase energy exports.