Shale Set to Pummel Another Market as U.S. LNG Plants Arrive
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The U.S. is about to change the global LNG market forever.
When the first tanker carrying liquefied natural gas from shale fields leaves the Sabine Pass terminal in Louisiana in December, it will turn consumers into traders with more bargaining power. That will transform a market dominated by long-term contracts into one where spot trading gains prominence, similar to crude oil.