Markets

Russia's Novatek says sees LNG from US as its chief threat- Ifx

Published January 25, 2019 Updated January 25, 2019 04:24pm

He said, according to Interfax, that LNG production in the US enjoys cheap financing, while LNG production in Russia has a competitive edge thanks to its low production costs.

Qatar is the world's biggest LNG producer.

Energy companies are flooding Europe with US natural gas, establishing a foothold in a market dominated by Russia and seen as a key battleground in Washington's efforts to curb Moscow's energy influence.

Copyright Reuters, 2019