As US natural gas exports grow the domestic price will move closer to the world price

As US natural gas exports grow the domestic price will move closer to the world price levels. No more two tier pricing. This will take time though. Generally this will raise prices from the current levels.

US EIA projects growing gas exports despite slashed shale outlook
Washington (Platts)
The Energy Information Administration on Monday slashed its US shale natural gas resource estimate by 345 Tcf from last year’s projections, but said the country still is likely to become a net exporter of gas in 2021.

The estimated unproved technically recoverable resource for shale gas in the US is now 482 Tcf, down from last year’s 827 Tcf estimate, the EIA said in an early release of its 2012 annual energy outlook.

“The decline largely reflects a decrease in the estimate for the Marcellus shale, from 410 Tcf to 141 Tcf,” EIA said. …

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