The Coming Global Gas-Market Bust

The dramatic fall of oil prices is set to jeopardize both the U.S. ambition to become a big gas exporter by the end of this decade and the long-awaited development of a global gas market.

In the past few years, many experts have been predicting that the North American, European and Asian regional gas markets could progressively merge into a single global exchange, bringing higher price uniformity and fat profits to American exporters. The discovery of huge gas reserves in the United States, Australia, Canada and East Africa and the rush to build up infrastructure to produce liquefied natural gas (LNG) and export it globally made this a sensible expectation.

Continue reading: http://nationalinterest.org/feature/the-coming-global-gas-market-bust-12316