Article Predicts Natural Gas to Become Global Market Due to LNG Exports
Posted on Aug 29, 2013 in LNG Exports, Markets and Competition | Comments Off on Article Predicts Natural Gas to Become Global Market Due to LNG Exports
A column in the San Antonio Business Journal predicts that increased production of shale gas worldwide, stimulated by increased exports of LNG, will cause U.S. gas prices to rise and global gas prices to fall and meet at equilibrium in the $4-$7 per Mcf range. The article predicts that “in the same way that crude oil has become a global market, so will natural gas,” and that “[e]vidence strongly suggests that limiting exports will simply limit supply.”