BP Says U.S. Shale Boom Is Making Energy Trading More Global
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The U.S. shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP Plc’s trading unit.
Understanding one commodity in a region is no longer enough, Carol Howle, head of global oil Europe and finance at BP Integrated Supply & Trading, said in an interview. Change in trade flows will come as the U.S. turns from an importer of liquefied natural gas to an exporter and liquefied petroleum gas export capacity increases, she said.