API: American natural gas prices among lowest worldwide amidst record U.S. LNG exports

Does anyone remember? North America has been the highest prized Natural gas market in the world. We called it El Dorado because of its plethora of LNG import projects up and down both of its coasts. At one point I counted 65 of them. All of them with the exception of the Boston terminal have been turned into export plants. Thats a long-term and very expensive conversion so players are very confident that the investment is worth it. Tells us something about the US market and the rest of the world. It’s all due to shale gas. Without it, the entire energy fabric of the US would most likely have crumbled already and there would be no way to reindustrialize. All Americans should say thanks to Shale every day until the end of their days.

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