In the early 2000's, substantial concerns about impending natural gas shortages and price spikes drove a boom in the planning and construction of facilities to import and regasify liquefied natural gas (LNG) in the US. As more unconventional natural gas production from shale deposits proliferates, North American natural gas prices stagnate, and crude oil liked in LNG prices in Asia continue to far exceed US natural gas prices, the industry is anxiously anticipating the impacts of these ongoing developments on the North American natural gas market. This will include whether LNG import trends will reverse and whether domestic shale production will result in greater energy independence. Some have even begun to ask whether US-produced shale gas could find a home in Asia, where gas consumption is expected to increae dramatically in the coming decades.
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