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Natural Gas Lowest Price Since 1994

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Natural gas is becoming a global commodity due to LNG technology.

There are huge export facilities in Qatar. The Americans are also building export facilities as fast as they can. Coupled with slumping demand in Asia, the UK and Europe are acting as buyer of last resort.

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Japan turned on its Nuclear reactors - their previous purchasing of LNG after Fukushima was artificially holding the price high. That and the on going US "shale revolution" is producing a whole new supply of gas at very low prices. Global demand lower, supply higher. Unlike house prices...this market is working properly.

Edited by katchytitle

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Russian gas exports to Europe surge

Exports of natural gas to Western Europe have increased 37.5 percent in January, the head of Gazprom told President Vladimir Putin.

Since the beginning of the year, the state gas monopoly has increased exports to Germany by 44 percent, Italy by 42 percent, France by 73 percent and Austria by 52 percent, according to Gazprom CEO Aleksey Miller.

https://www.rt.com/business/333954-russia-gas-europe-export/

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This article is on the US gas market. It's not the same as the EU market because the shale revolution has yet to hit our shores. The US is only now taking it's first tentative steps to becoming a gas exporter, so the gas produced there is trapped in the home market, which explains the low price.

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Russian gas exports to Europe surge

Exports of natural gas to Western Europe have increased 37.5 percent in January, the head of Gazprom told President Vladimir Putin.[/size]

Since the beginning of the year, the state gas monopoly has increased exports to Germany by 44 percent, Italy by 42 percent, France by 73 percent and Austria by 52 percent, according to Gazprom CEO Aleksey Miller.[/size]

https://www.rt.com/business/333954-russia-gas-europe-export/

They are primarily doing that to squeeze Qatar's nuts. Still good for Eurozone economy.

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