Reuters are reporting that, according to Russian President Vladimir Putin, Russian gas has a competitive advantage over LNG exports from the US to Europe due to lower production and transportation costs.
However, he also welcomed US efforts to export its LNG to Europe, where Russia accounts for a third of gas supplies, adding that this creates a healthy rivalry.
Read the article online at: https://www.lngindustry.com/liquefaction/10072017/putin-says-russia-has-competitive-edge-over-us/