IEA Says: US gas exports could converge global prices

Not to say I told you so but from Platts Gas:

US gas exports could converge global prices: IEA deputy chief
Singapore (Platts)–31Oct2011/754 am EDT/1154 GMT
The $10/Mcf premium for natural gas in Asian markets compared with the US could shrink if North American LNG exports become established, the deputy chief of the International Energy Agency said Monday in Singapore.

“If it does happen and the US does become an exporter, that will help bring the global markets together,” said Richard Jones, IEA’s deputy executive director, during the Singapore International Energy Week.

“But that’s a big if. So we don’t really know the answer, but the potential is certainly there for prices around the world to begin converging as the LNG trade grows.” …

I made this observation in my post on October 26th.

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