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Natural gas, suddenly abundant, is cheaper

Post Time:Mar 23,2009Classify:Industry NewsView:84

The decline in crude oil prices gets all the headlines, but the first globalized natural gas glut in history is driving an even more drastic collapse in the cost of gas that cooks food, heats homes and runs factories in the United States and many other countries.

Six giant plants capable of cooling and liquefying gas for export are due to come on line this year just as the economies of the Asian and European countries that import the most gas to run their industries are slowing, according to a March 20 article in The New York Times.

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Source: http://www.glassmagazine.com/news-item/commercial/natural-gas-suddenly-abundant-cheaperAuthor:

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