IAEE: Natural gas markets facing changing dynamics

LNG will play an increasingly important role in the evolution toward a global natural gas market, but major decisions and investments will have to be made to meet anticipated long-term gas demands, particularly in the US.That was the consensus of consultants and industry representatives speaking at a recent gas conference cosponsored by the Houston chapter of the International Association for Energy Economics (IAEE) and the University of Houston Law Center & Institute for Energy, Law & Enterprise.Simmons & Co. International Chairman and CEO Matthew Simmons of Houston said he believes that conventional US gas production has peaked, and that gas supplies are dropping.Simmons & Co. surveyed ...

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