Europe’s at a crossroads in terms of ensuring reliable and sufficient natural gas supplies. According to figures from BP’s Statistical Review of World Energy 2015 , nearly 45 percent of the natural gas delivered to Europe via pipeline in 2014 originated in Russia and Central Asia. Geopolitical challenges in Ukraine and Turkey , however, threaten the stability and growth potential of vital pipeline corridors in these regions. Moreover, new pipeline infrastructure linking gas-rich Iran to Europe likely is more than a decade away. Given the unfolding scenario, Europe finds itself at a crossroads in terms of ensuring reliable and sufficient natural gas supplies. A recent Genscape white paper argues that the region’s gas customers should take steps to increase imports of liquefied natural gas (LNG) from North America. Not only would “pivoting West” help European gas customers diversify their gas supplies, but also give U.S. LNG producers a long-term […]