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2015-01-03 21:40:00

BP: GLOBAL ENERGY TRADING

BP: GLOBAL ENERGY TRADING

The US shale boom is connecting markets and changing the way oil and gas is bought and sold, according to BP's trading unit.

Understanding one commodity in a region is no longer enough, said Carol Howle, head of global oil Europe and finance at BP Integrated Supply & Trading. Change in trade flows will come as the US turns from an importer of liquefied natural gas (LNG) to an exporter and liquefied petroleum gas (LPG) export capacity increases, she said.

"We've seen a huge amount of change, particularly in the past several years with the US market changing so much around shale, changing trade flows, changing…

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Tags: OIL, GAS, BP, LNG, US
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