Publication

This commentary addresses the EU's increased interest in liquefied natural gas (LNG), as its economic benefits have become more apparent. The LNG option strengthens the negotiating position of European gas buyers vis a vis pipeline exporters, as well as triggering market creation and price reduction. The author argues that in order to overcome LNG's vulnerabilities and critics, a concerted commitment to LNG is needed on the part of the EU, its Member States, and terminal operators, not least in Poland, where the impact of the first Eastern European LNG terminal will largely depend on the transition of the domestic gas market.