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A lot of demand is transfer: due to shale extraction technology, the cost of US gas is significantly lower than the cost many consumers pay in other countries.
by mediaman 14y ago
A lot of demand is transfer: due to shale extraction technology, the cost of US gas is significantly lower than the cost many consumers pay in other countries. Therefore, they can replace their current supply with US production at a lower cost (even after the relatively high cost of liquefaction and transport).