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IPFS News Link • United States

US facing natural gas shortage due to record LNG exports to Europe

•, Kevin Hughes

According to a study by Reuters, shale producers in the U.S. are struggling to address the rising demand for domestic and international natural gas.

Shale producers account for the bulk of U.S. natural gas output.

With the winter season fast approaching in both Europe and the U.S. and with a lot of people in both places using gas for heating, the price outlook for gas does not look good from a consumer's perspective. A Reuters column noted that "U.S. gas prices are up by a whopping 300 percent from a few years ago when gas was cheap because it was abundant." (Related: US headed for serious natural gas shortage and high prices this winter, experts warn.)

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