MOVING TARGET

摘要

Modern shipping carries 90% of world trade. Some 10% of global natural gas, in the form of liquefied natural gas (LNG), is moved by sea, and this will increase as new export markets develop. Canada, a major natural gas producer, is poised to be an LNG exporter as it seeks to develop large reserves of unconventional natural gas through new technologies. These involve both horizontal drilling and fracking, a technique using liquids and a proprietary mix of chemicals to release natural gas in tight sedimentary formations that previously were not commercially feasible to recover. These new extraction methods, along with a robust approach to risks taken by exploration companies, have increased the recoverable supply of natural gas in Canada and the United States.