With US LNG exports, the EU may not need Nabucco

With US LNG exports, the EU may not need Nabucco

- Timing: Nabucco West could come online by 2018, while US LNG exports could start in 2016 but they will slowly ramp-up to 2020
- Volume: Nabucco West will bring 10 bcm of Azeri gas into Europe (and 6 bcm into Turkey), while US LNG exports could add about 45 millions tons of LNG in global gas market among which 1/3 could reasonably go to Europe.
- Security of supply: both options will bring a net improvement into EU security of supply by adding a new source of gas and a new pricing into the EU, while reducing further EU's dependence on Russian gas.