Gas Market - Week 6

 The demand for natural gas has increased throughout the world.  The production of natural gas is set to increase to double what it was last year at 300 million tons to 600 million tons.  Currently, Russia is the largest natural gas supplier to Europe.  They charge high prices so Europe is looking to find another trading partner, which could be the United States since we are putting out record amounts of natural gas that we have found inside shale reserves.  This means that the price of natural gas should drop due to the competing prices between Russia and the United States.  This will mean that consumers, like my family, will save massive amounts of money.

Works Cited

Reuters. "U.S. Set to Challenge Russia on European Gas Market." The Moscow Times. The Moscow Times, 24 Feb. 2014. Web. 24 Feb. 2014.