The short answer to the question posed is…yes….it already has.
After 18 months of exporting, some 35% of all U.S. LNG has reached Asia. It’s clear that the Asian giants want to reduce their coal over-reliance by using more natural gas. I’ve documented that fact here and here. The time is now to diversify because local gas prices are almost as low as those in the U.S. – after being 4-5 times higher just a few years ago. You could call $6 LNG the “sweet spot” for building new demand.
