Gas awakening from US shale slumber as LNG exports begin

New York

AFTER years of languishing in a shale-induced coma, the US natural gas market is waking up.

Seasonal price swings will intensify as the country begins shipping liquefied natural gas cargoes to Asia and Europe later this year, said Bank of America Corp, RBC Capital Markets LLC and Wood Mackenzie Ltd. While that's good news for traders yearning for volatility, it could be bad news for consumers.