G7 Ministers Foresee Global Energy Security in LNG as U.S. Kicks Off Exports

摘要

The Group of Seven industrial nations are seeking swift development of a global market for liquefied natural gas to help reduce dependency on suppliers like Russia. G7 energy ministers, at a meeting May 12 in Hamburg, said an integrated global LNG market would thwart "single dominant" suppliers from cornering the gas market. The Ukraine crisis has shown that gas supply can be used for political coercion, destabilizing the energy security of an entire region, they said in a communique.