Kenderdine, Hezir: LNG to Change Global Markets
HOUSTON — The world is moving toward a global natural gas market, one that will materialize relatively quickly, according to two former Department of Energy officials.
Melanie Kenderdine and Joseph Hezir, who worked at DOE under the Obama administration, are now with the think tank Energy Futures Initiative. They see the U.S. shale gas revolution as upending world natural gas trading, but caution that the rise of gas could be cut short by the growing popularity of renewable energy generation.
The two experts yesterday mused about the future of the natural gas market in the United States and abroad to an audience of mostly private-equity energy investors, gathered here for the annual year-end Privcap Game Change: Energy conference.
"By 2020, LNG volumes will exceed pipeline volumes of gas for the first time in the history of gas," Kenderdine said. U.S. LNG exports with no fixed destination are "contributing to the development of a global gas market," she said.
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