The abundant cheap energy created by the new oil-and-gas boom in the US and Canada is the kind of competitive advantage that other countries would like to emulate. But the reality is that North American energy companies would rather sell their product to Asian customers.
It is easy to understand why, said a panel of Canadian commercial and political insiders at the Asian Financial Forum on Tuesday. The wholesale price for natural gas in Japan is roughly $16 per million British thermal units MBtu compared with just $4MBtu in the US a difference caused by a lack of export infrastructure in North America, which has been caught unprepared...
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