Atradius, the trade credit insurer, published its Gas Market Outlook July 2014 report.
Among other things, the report said that US exports of liquefied natural gas (LNG) following the shale gas revolution would support production growth, given the high cost of gas prices in Asia. US gas prices would climb steadily as a result of this.
The report suggests that demand for natural gas in Asia has generated a surge in LNG export projects, particularly in Australia, and predicts that LNG will continue to grow. Future prices would remain the same as China develops its own natural gas resources, US exports develop and the cost of LNG can be contained.
The report also said that Europe could, in time, look to LNG imports from the US as it seeks to diversity supply for both commercial and political reasons.
Click here to read the full report.
Adapted from press release by Ted Monroe