Naimski: US LNG imports could undermine Gazprom

According to Piotr Naimski, government's proxy for energy infrastructure, imports of LNG from the US could significantly hurt Gazporom's dominant position in Europe. However transport costs prevent that from happening. “The price offered in future contracts by potential US exporters is linked to the Henry Hub in the US, and not, for example, to the London market. This is a problem for Europe - it means that to balance the price with the European one, the US exporters would have to cover the transport costs,” he said. The United States is expected to become the world's third-largest exporter of LNG next year. Poland expects its first delivery of the US LNG in June this year.