CERAWeek: Not your father's natural gas market

2007 might be the year in which the global gas business was born, said Michael Stoppard, CERA global gas senior director. July 16 was a particularly important day.
The first half of 2007 saw, at last, a rise in significant imports of LNG into the U.S. On July 16 an earthquake in Japan shutdown a major nuclear power plant, leading to greater LNG imports. That day a major North Sea gas pipeline also ruptured.
The LNG markets responded, Stoppard said.