By EconMatters Unlike crude oil, which is traded globally via tankers and pipelines, natural gas trading remain primarily isolated within the producing regions and lacks the infrastructure to be a true global commodity. In the past few years, increased LNG (liquefied natural gas) trade is gradually transforming the global natural gas market. However, bustling U.S. shale gas production and weak demand due to recession have created a significant supply glut as the U.S., depsite nine LNG import terminals, has near zero LNG export capacity. While crude oil prices…
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