The startup of US LNG exports, some of which will be headed for Europe, will shift market dynamics, creating a much more competitive European gas market, a senior official from US LNG pioneer Cheniere Energy said Wednesday. Andrew Walker, Cheniere’s vice president for strategy, told a conference in London that the influx of US LNG will also create new pricing points for gas. “The US is going to have a big impact in terms of changing the dynamics of the industry,” Walker said, describing the global LNG sector at the moment as “fairly illiquid and inflexible.” This in turn would lead to an increasingly traded nature of the market, he said. “The US is going to create increasing competition, create abundance and create lower prices. That can only be good for customers,” Walker said. He added that the start of US LNG flows would see an increase in liquidity […]