Natural-Gas Prices Will Move Away From Oil Link, BP Says
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Natural-gas prices will move away from being linked to crude oil over the next three decades as the world becomes increasingly dependent on liquefied natural gas, BP Plc’s chief economist and vice president said.
“It is a process of growing integration, which will change the pricing system in many markets,” Christof Ruehl said today at a conference in Oman’s capital, Muscat. “It’s not a process of two or three years, it’s a process of maybe 20, 30 years.”