Currents - Energy Industry Insights - July 2018 #2

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Russian Interference in America's Energy Sector -

"America's oil and gas production is booming of late, with the U.S. poised to become the world's largest exporter of crude oil. Domestic natural gas also is ramping up, enabling the U.S. to become a net exporter for the first time in almost 60 years. All of this is good news, since the U.S. is setting new records for gas exports. But America's shale gas revolution may have another benefit: It could supplant much of Russia's natural gas production."

Why this is important: Russian dominance of gas supplies, which are mainly delivered through the majority government-owned company Gazprom, to Central and Eastern Europe is one of the significant ways Russia can still wield so much power and influence in former Eastern Bloc nations....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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