Linked Data Explorer
Algeria selected issues paper
1. Recent developments in global natural gas markets point to important structural changes. The United States (US), one of the world's top producers and the largest producer of nonconventional gas, became self-sufficient in terms of natural gas needs in 2009 largely due to a sharp increase in nonconventional gas production. In the last two decades, unconventional US production has more than quadrupled, currently amounting to about half of US production. 2 Moreover, the growing trade of liquefied natural gas (LNG), market liberalization in several countries, changes in the supply chain, and falling transportation costs, have eroded barriers between regionally segmented markets in the largest gas consuming markets (North America, Asia, and Europe).3 In select markets spot gas price indexation has appeared as an alternative to traditional pricing based on long-term and oil-price indexed contracts. Finally, new emerging markets have increased global supply and eroded the market share of traditional gas producers.
- "1. Recent developments in global natural gas markets point to important structural changes. The United States (US), one of the world's top producers and the largest producer of nonconventional gas, became self-sufficient in terms of natural gas needs in 2009 largely due to a sharp increase in nonconventional gas production. In the last two decades, unconventional US production has more than quadrupled, currently amounting to about half of US production. 2 Moreover, the growing trade of liquefied natural gas (LNG), market liberalization in several countries, changes in the supply chain, and falling transportation costs, have eroded barriers between regionally segmented markets in the largest gas consuming markets (North America, Asia, and Europe).3 In select markets spot gas price indexation has appeared as an alternative to traditional pricing based on long-term and oil-price indexed contracts. Finally, new emerging markets have increased global supply and eroded the market share of traditional gas producers."@en
- "Algeria selected issues paper"@en