A fresh paper on global natural gas pricing has established that obstacles to international trade in LNG are weakening rapidly.
In addition, natural gas markets are thickening, thereby reducing transaction costs.
A new regression model establishes that the volume of international trade in natural gas would more than double if all obstacles to trade were eliminated.
Consumption would increase slightly in countries with no current natural gas consumption, rising from 0 to 2.0 percent of world consumption.
However, the bulk of the consumption increase would occur in large economies that already have to import most of their natural gas. Their share of world gas consumption increases from 64.4 to 72.2 percent.
The countries with the largest increase in net exports will be the United States (up 8,250 billion cubic feet (bcf)), Russia (7,872 bcf), and Iran (4,600 bcf), and.. full story..http://goo.gl/WNluOb
Click on the following links for more on this story:
LNG pricing-II: Contracting undergoes a sea change
In addition, natural gas markets are thickening, thereby reducing transaction costs.
A new regression model establishes that the volume of international trade in natural gas would more than double if all obstacles to trade were eliminated.
Consumption would increase slightly in countries with no current natural gas consumption, rising from 0 to 2.0 percent of world consumption.
However, the bulk of the consumption increase would occur in large economies that already have to import most of their natural gas. Their share of world gas consumption increases from 64.4 to 72.2 percent.
The countries with the largest increase in net exports will be the United States (up 8,250 billion cubic feet (bcf)), Russia (7,872 bcf), and Iran (4,600 bcf), and.. full story..http://goo.gl/WNluOb
Click on the following links for more on this story:
LNG pricing-II: Contracting undergoes a sea change
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