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Could US data centres and AI shake up the global LNG market?
Shale gas has revolutionised the US gas industry over the last 15 years. Huge volumes of low-cost upstream gas have helped push coal out of the power generation mix and underpinned the burgeoning global trade in US LNG exports. The sheer scale of the resource had forged our view that Henry Hub prices would stay cheap as chips for the foreseeable future, underpinning US LNG’s competitiveness. However, changing dynamics in US power and gas markets have led our team to take a more bullish view of how gas prices develop. I asked Eugene Kim, Massimo Di Odoardo from our Global Gas team and Gavin Thompson about their ... (full story)