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Global gas prices converge

Oil & Gas
February 1, 2015February 1, 2015
Global gas prices converge
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Global benchmark prices for natural gas have converged to their closest in five years, a trajectory created by a supply glut and an oil rout. That spells trouble for US and Australian projects coming online this year. Prices in the natural gas hubs of Europe and Asia are at their closest to the US benchmark since 2010 after oil plunged below $50 a barrel and gas supplies from Australia and the United States created a surplus of cargoes.

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