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Gas: from dark ages to golden age?

Natural gas has been through a difficult phase, but the industry could be poised for a stronger path

The gas industry is undergoing profound structural change, with liquefied natural gas shifting from a rigid to a far more flexible infrastructure. That was a key message from the WEC panel session on LNG markets on Tuesday. As panel chair Muqsit Ashraf, Managing Director & Global Head of Energy Practice, Accenture Strategy noted, the industry has moved from an age where only a small fraction of LNG was traded on spot or short-term contracts, to one where one-third is traded in this way. "A lot has happened and unquestionably a lot more change will happen, as the reconfiguration of the market continues," he said. Roger Bounds, VP, Global Gas, Royal Dutch Shell, noted increasing LNG demand

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