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LNG is reducing EU’s dependence on Russia, regulators say

By Emily Waterfield ( September 21, 2016, 14:42 GMT | Insight) -- Low oil prices pushed down the cost of liquefied natural gas last year, with European countries set to benefit most from cheaper exports of the compressed fossil fuel, says an umbrella group of national regulators. Investments in LNG in Lithuania have halved the number of EU countries entirely dependent on Russian supplies, with just Finland and Latvia now buying all of their gas from Gazprom.Low oil prices pushed down the cost of liquefied natural gas last year, with European countries set to benefit most from cheaper exports of the compressed fossil fuel, says an umbrella group of national regulators....

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