David Fickling, Columnist

The World Is Conspiring to Make Gas Cheaper

As the market grows up, global factors are playing a bigger role in determining prices. All signs point to a deepening glut.

The gas flood is just beginning.

Photographer: Tomohiro Ohsumi/Bloomberg
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How cheap would you like your natural gas today? Is zero low enough? OK, how about we pay you to take it off our hands?

That's what’s happening in the middle of the U.S. shale patch at the moment — and it’s a symptom of a glut that could reshape energy markets across the world in the coming years.