Source: Dow Jones
VIENNA -- North America is expected to become self-sufficient in energy by 2025, ConocoPhillips CEO Ryan Lance said Wednesday. The US has been experiencing a boom in natural gas extracted from shale over the past two years, and Lance said the country already has no need to import any natural gas. The shale revolution has pushed US gas prices to the lowest in a decade, opening up the possibility of shipping gas to Asia, where prices are just short of record highs but demand is still robust. "North America will become an exporter of [liquefied natural gas] in the near future," Lance said at an OPEC seminar in Vienna. Copyright (c) 2012 Dow Jones & Company Inc.
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