Natural gas security
Markets are changing at a rapid pace, creating new security concerns
Historically, the natural gas markets have been divided into regional markets, where sources in regions were connected to demand centres by dedicated pipelines. Where Liquefied Natural Gas (LNG) was an option, the flexibility of its trade was frequently limited by destination clauses.
Today, natural gas markets are changing at a rapid pace, moving from regional integration to a more globalised and interdependent market. This transformation is creating new security-related concerns, which remain alive despite the current state of oversupply in the gas market.