| Natural gas production and consumption are increasing globally and Asia is the fastest growing natural gas market, but the commodity's price is still largely dictated by long-term contracts indexed to oil.
The relationship between oil and natural gas prices has disconnected and the spread has widened to historic levels, which puts Asian economic competitiveness at risk warns the IEA in a new report titled "Developing a Natural Gas Trading Hub in Asia - Obstacles and Opportunities."..............................................Full Article: Source
|