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The world’s natural gas market is rapidly global zing. Traditionally, gas supplies for electric power generation have been delivered entirely within regional markets—usually with little geographical distance between the source of gas and its ultimate combustion. However, a significant and growing fraction of world gas is traded longer distances via pipeline and, increasingly, as LNG. The rising role of LNG is interconnecting gas markets such that a single global market is emerging.

Globalization of the Natural Gas Market on Natural Gas Prices in Electric Power Generation and Energy Development