Merely five years ago, importers Japan, South Korea and China collectively made up two-thirds of global LNG demand, and exporters Qatar, Australia and Malaysia collectively met around two-thirds of global demand. S&P Global Platts AnalyticsBut the exporters' club has been rocked by the abundance of U.S. natural gas, and the next wave of American LNG exporters are rocking the market. These days counterparties include the American exporters in one basket, oil and gas majors in another, and finally the pool of global traders. Ruseckas adds: "It’s a strategic challenge that Russian natural gas behemoth Gazprom is well aware of. And anyone thinking U.S. LNG exports are a fad should think again, says Regina Mayor, Global Energy and Natural Resources Leader at KPMG.

Source: Forbes March 08, 2018 00:45 UTC