natural gas industry

Europe is preparing for intensified competition with Asia over liquefied natural gas supplies, according to a Financial Times report. As both regions vie for limited cargoes, buyers could be forced to bid up prices, with implications for Europe's energy security and household and industrial costs. The competition centres on securing winter supply and attracting flexible US and Qatari cargoes away from Asian buyers.

The US government is moving to simplify environmental reviews for natural gas projects, a step officials describe as making project development easier. The change could speed up permitting for pipelines, terminals and other gas infrastructure, cutting the time and paperwork developers face. Environmental groups are likely to object that weaker reviews raise risks to air, water and affected communities.