Turbulence in natural gas pricing facing buyers across the globe is not a sign of an energy system breakdown but rather is a part of the ongoing creation of competitive markets, according to Carina Energy Consulting’s Sam Andrus. 

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A veteran trader and analyst with decades of experience in the natural gas business, Andrus spoke on a panel Tuesday regarding the dynamics in the liquefied natural gas (LNG) market at the LDC Natural Gas Forum in New Orleans.

The United States is not only exporting LNG, “but also competitive markets,” Andrus said. “We have connected North America to global markets, and North America-based participants now have to take note of global markets.”

LNG ships are “akin to pipelines. And a constraint in a pipeline is a disconnect in prices.”...