June 18, 2019 / 8:07 AM / 4 months ago

Gazprom says U.S. LNG is not replacing Russian gas in Europe

FILE PHOTO: A view shows fuel tanks at Bovanenkovo airport near a gas processing facility, operated by Gazprom company, on the Arctic Yamal peninsula, Russia May 21, 2019. Picture taken May 21, 2019. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Russian natural gas producer Gazprom said on Tuesday that U.S. liquefied natural gas was not currently replacing Russian gas on European markets.

The United States has become the world’s fastest growing exporter of liquefied natural gas (LNG) and is set to become the world’s third-largest shipper of the product this year, due to surging output from U.S. shale fields.

Reporting by Vladimir Soldatkin; writing by Tom Balmforth; editing by Louise Heavens

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