The Budapest LNG Summit on 16-17 October 2017 will gather industry leaders, management and policymakers from across the world to discuss the latest project updates on infrastructure and facilities as well as emerging natural gas sources in Central and Eastern Europe.

For decades, countries in Europe have purchased LNG from a sole supplier, Russia's Gazprom, which has traditionally charged higher prices than those in the West. With emerging technologies such as the easily accessible and more affordable “floating storage and regasification unit” (FSRU), however, LNG is experiencing unprecedented market liberalization and edging closer to the position of a global commodity.

Earlier this month, Poland's state-owned gas company PGNiG received a shipment of LNG from America's Cheniere Energy at the Świnoujście terminal, a historic first delivery to Northern Europe from its Sabine Pass liquefaction Budapest to enable reverse gas glows between the two countries, a significant step foward to complete the North-South gas corridor. The Budapest LNG Summit is also slated to discuss the so-called North-South Corridor project, whose completion would mean the complete networking of the European Union gas networks.

Designed to connect increased regional LNG demand in Central Europe with the international supply chain, the Budapest LNG Summit will also address the global effects of the proliferation of emerging suppliers such as the United States and the ongoing crisis in traditional supplier Qatar on the LNG industry.

The Budapest LNG Summit is scheduled to take place on October 16-17, 2017 at the historic building of the prestigous Hungarian Academy of Sciences on the banks of the Danube River.

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