01 Jan 2001, Energy Risk glossary , Energy Risk
The geographic region that can be considered as comprising all land masses (including islands) that lie adjacent to or within the Atlantic Ocean and adjacent waters, including the Baltic Sea, North Sea, Black Sea, Davis Strait, Denmark Strait, part of the Drake Passage, Labrador Sea, Mediterranean Sea, Norwegian Sea, most of the Scotia Sea, Baffin Bay, Hudson Bay, Gulf of St Lawrence, the Gulf of Mexico, Caribbean Sea and the Weddell Sea. As applied to the energy market, the Atlantic Basin liquefied natural gas (LNG) market encompasses LNG producers and consumers in or adjacent to the Atlantic Basin geographic area.
The Atlantic Basin LNG markets can be considered to specifically include the LNG producers (current and projected): Abu Dhabi, Algeria, Angola, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Norway, Oman, Qatar, Russia, Trinidad & Tobago, Venezuela and Yemen. The current and likely future LNG-consuming countries: Argentina, Belgium, Brazil, Canada, Cyprus, Dominican Republic, France, Germany, Greece, Italy, Mexico, the Netherlands, Poland, Portugal, Puerto Rico, South Africa, Spain, Turkey, the UK, the US and possibly the Bahamas and Jamaica.
Note that an Atlantic Basin LNG producer might not be physically located in the Atlantic Basin itself.
*see also Pacific Basin
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