North American Gas is Going Global

Natural gas price has been climbing to near record highs in North America.  This week, Jackie and Peter talk about the reasons for high natural gas prices now.

Longer term, North American gas markets are undergoing a structural change. To reduce their reliance on Russia, EU countries are turning towards new gas suppliers including the United States. Consequently, a US build-out of LNG export capacity is starting.  The pull from more Canadian and US gas going overseas will change the gas markets. 

Peter and Jackie finish the podcast talking about the history of natural gas which has undergone many transitions. It started with coal gas and transitioned to nature or natural gas. The United Kingdom was once importing gas from the United States, then Europe grew domestic supply and imported more Russian production. Now the EU is transitioning away from Russia.  In the future, gaseous fuels are likely to transition towards clean hydrogen and Renewable Natural Gas (RNG).

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