The Diplomat: U.S. Shale Gas Revolution Hits Asia

Asia’s energy-hungry economies are turning to a new, politically stable and potentially cheaper source of gas: the United States. While the domestic debate continues over U.S. energy exports, major gas importers such as Japan, South Korea and China are scrambling to invest in the new energy superpower’s gas projects.

Should major exporters of liquefied natural gas (LNG) to Asia, such as Australia, be concerned about the emerging competitive threat?

According to analysts, the short answer is no. However, this has not stopped a number of deals in recent times involving potential U.S. gas exports.

Japanese LNG imports hit a record high of 87 million tons in 2012 after its nuclear shutdown, and companies from the world’s biggest gas importer have seized upon the opportunity to diversify supply.  MORE