Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, November 21, 2012

NatGas Trading to Become Like Coal, Not Oil

NatGas Trading to Become Like Coal, Not Oil

Henning Gloystein, Reuters
New natural gas discoveries and rising demand are changing gas from a cluster of regional markets into a global marketplace, but instead of becoming a second oil market gas is likely to become more like coal. ;Because gas and oil were being produced largely by the same exporters and both fuels were often used in the same industries, gas has historically been pegged to the oil market through long-term contracts.http://www.reuters.com/article/2012/11/21/energy-gas-coal-idUSL5E8M969T20121121

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