The global Liquefied Natural Gas (LNG) market has been continuously surging at a fast pace for the last few years. The world has witnessed a sharp increase in the number of liquefaction and regasification terminals during the past few years. Moreover, there has been a fast paced conversion to newer technology driven by economies of scale. Russia with a trusted name in the global energy trade with world’s largest natural gas reserves is slowly becoming a dominant force in the LNG market developments.

Although shale gas has been produced for more than 100 years in the Appalachian Basin and the Illinois Basin of the United States, the wells were often marginally economical.

Higher natural gas prices in recent years and advances in hydraulic fracturing and horizontal completions type of technology have made shale gas wells more profitable.ethylene producers in future and also potential capacity comparison of USA to middle east and european ethylene producers.

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