By Ryan Skinner (email)
Norwegians love gas. I mean, they really, really love gas. Norway invested around 6 billion euro to develop its Snøhvit field in the Barents Sea, and another 8+ billion euro for Troll. Feel that love.
But, that wasn't enough. Norwegians also trekked over to America to help the Yanks extract gas from shale. As a result, America, which was going all soft on Putin to get cheap Russian gas, will probably be a net gas exporter in ten years.
The phenomenon of shale gas extraction has led more than one energy expert to exclaim "this will change the geopolitics of natural gas."
Into this turmoil comes shipping, which - according to a recent Lloyd's List poll - believes gas to be the biggest game-changer looking ten years ahead.