June 18, 2019 / 7:54 AM / a month ago

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

MOSCOW, June 18 (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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