US shale gas boom unlikely to cut prices in Asia

The cost of exports and domestic lobbying to keep the oil and gas at home will limit the benefits to consumers based outside the US, particularly in the short-term, panelists at an annual Credit Suisse conference argue.

 

The rapid development of shale gas in the US in the past five years has pushed the domestic market price of gas below the cost of production, but this is unlikely to benefit Asia much, according to Fereidun Fesharaki, chairman of Facts Global Energy, a company providing research and analysis to the oil and gas industry.

Speaking at the Credit Suisse Asian Investment Conference in Hong Kong this week, Fesharaki noted...

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