A budding transformation in the way gas is traded worldwide could help soothe EU energy security tensions, with more ocean-going tankers of liquid natural gas (LNG) traded in future on oil-type spot markets, reducing EU dependency on pipeline politics.
Currently most EU gas - which supplies around 20 percent of electricity in member states such as the UK or Germany - is pumped via pipelines from Russia, Norway and Algeria. The price is fixed in one or five year contracts, with gas price...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.