LONDON, June 25, 2015 /PRNewswire/ --

Energy Mining Advisory Partnership (EMAP) today released a white paper, analysing the potential impact of U.S. LNG exports on European Union and Turkish economies. The paper titled "Impact of US LNG Exports on Europe" analyses the potential impact in the short, medium as well as long term under different scenarios.

Three technological advancements led to U.S. shale gas boom in last ten years. Hydraulic fracking made extraction from low permeability shale formations economically viable, horizontal drilling increased the amount of shell that could be "fracked" from a single well and improvement in seismic imaging reduced the number of drilling attempts by providing more accurate information. This resulted in 50% increase in reserves and 34% increase in natural gas production in the U.S. over the last decade. The increased production reduced the price of natural gas in the U.S. to one-third of European levels and one-quarter of Japanese levels. This created a compelling commercial logic for exporting natural gas from the U.S.

With Cheniere Energy's Sabine Pass LNG facility scheduled to start production in Q4 2015, the white paper examines the potential impact of U.S. LNG exports on European natural gas prices and energy security. The paper analyses:

• Current supply and demand dynamics of European Union, Asian and Turkish natural gas market and the outlook for short to medium term
• The trend of continuously increasing share of spot or short-term trade as a proportion of total LNG trade
• The pricing and costs of LNG to be exported from various terminals in the U.S.
• The current spot rates of natural gas in the U.S., Europe and Asia and the change expected over long and short term
• The potential impact of the new supply of LNG on European Union and Turkey under various scenarios

The white paper is now available on EMAP website and can be viewed and downloaded from the following link: http://j.mp/impct_lng

SOURCE Energy Mining Advisory Partnership (EMAP)