Gas market globalization

Earlier this month, I had the opportunity—along with the Houston chapter of the International Association for Energy Economics—to plan a half-day conference that focused on the changes taking place in the North American natural gas market.One of the points raised at the conference was that the gas market is becoming increasingly global, driven by the decline in gas reserves in North America. Some gas demand will have to be satisfied by an increase in LNG exports to the region. In response, large-scale projects are being announced that will bring production from areas with massive gas reserves to this market.Bringing gas to marketFor example, Qatar Petroleum (QP) signed separat...

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