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Economic Growth Provides Opportunity in Low Price Gas Market

Economic Growth Provides Opportunity in Low Price Gas Market

Economic Growth Provides Opportunity in Low Price Gas Market

Consistently low natural gas prices are pushing natural gas industry participants to find innovative ways to meet rising demand while lowering production costs. Those hoping to persevere in the current “survival of the fittest” environment must capitalize on opportunities facilitated by lower crude oil and gas prices. Economic growth in emerging markets is a critical component driving global demand for natural gas.

Economic Growth Provides Opportunity in Low Price Gas MarketRapidly developing countries in Asia, particularly India and China as well as established markets like Japan, are increasingly seeking to benefit from low natural gas prices, which present a cost-effective alternative to oil to support economic growth. With relatively limited domestic resources and increasing infrastructure capacity to import and distribute natural gas, these markets are expected to rely on suppliers such as the United States and Australia to help meet their forecasted demand. This dependency is reflected in the 2016 Strategic Directions: Natural Gas Report’s results, with respondents outside the United States rating international market access as a top long-term issue.

Download the full report to learn more about how economic growth, liquefied natural gas (LNG) trade and reliability challenges are transforming the natural gas industry. [Tweet This]

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