Domestic production of liquefied natural gas in rich U.S. shale plays is driving the prices of LNG in the global market. "It tells you how important potentially that U.S. exports are becoming on a global basis. I think what you're seeing, as global LNG expands, both producers and buyers are going to see more flexibility in pricing the commodity," said Dan Pickering, co-president of Tudor, Pickering, Holt & Co.

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