Liquefied natural gas, which can be moved by special tanker instead of through pipelines, is remaking the global energy market, according to WSJ Energy Expert Jason Bordoff.

When it comes to natural gas, you might be more familiar with its usage in homes as well as within power and manufacturing areas. It is also used as vehicle fuel with a lesser awareness but is becoming more common. By liquefying natural gas, we can now overcome the inconvenience we had with transporting it.

Due to America’s gas production increasing, we are now predicted to be in the top three by 2020 for natural gas exporters. The International Energy Agency predicts most of the worldwide long-distance gas trade will be by LNG rather than pipeline by 2040. This means more competition and will cause global gas markets to be better for the majority. The U.S. is predicted to emerge as a superpower and will better many aspects connected to the natural gas market.

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Additional Information:

https://blogs.wsj.com/experts/2017/05/25/how-liquefied-natural-gas-will-transform-global-energy-markets/