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GlobalData: US LNG Market Balloons

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July 23, 2012

North America is witnessing a fresh surge of natural gas production, which is encouraging investors to pump money into the industry, says a new report by natural resources expert GlobalData.

The new report states that the increase in shale gas drilling has made the US less dependent on liquefied natural gas (LNG) imports, and the region now plans to export some of its own natural gas production.

The US has witnessed a huge increase in shale gas production, and consequently, the price of natural gas in the country has decreased, ...

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