Gas and Globalization: How Rising Production Affects Buyers

September 2017, Vol. 244, No. 9

By Thomas Larson, Procurement Research Analyst, IBISWorld

Access to natural gas has never been easier. Since 2005, countries with natural gas reserves have been ramping up their extraction efforts, resulting in a supply surplus in the United States and abroad. This years-long trend has prompted more suppliers to expand their reach into the global marketplace, and has essentially motivated suppliers to create new customers and markets outside of their respective countries and regions. IBISWorld expects this trend toward a highly globalized market will persist as natural gas continues to be a cheaper and preferred energy source in the global transition to a…

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