FROM: The Korea Herald

[The Korea Herald - Nov. 13, 2013]

The shale gas boom in the U.S. will eventually turn Asia’s natural gas market from the current seller’s market to a buyer’s market, London-based World Energy Council cochair Younghoon David Kim said Tuesday.

“Leading gas sellers, including Russia, Australia and Malaysia, have started feeling the pinch as the U.S., once a gas buyer, is transitioning into a gas provider thanks to the recent shale gas boom,’’ Kim, who also leads Daesung Group, a Korean city-gas-driven energy conglomerate, said in a news conference.

(Omissions)


By Seo Jee-yeon jyseo@heraldcorp.com