Nope. It’s the increasing availability of piped gas. The new GAZPROM pipeline to China recently came online.
Piped gas will always price 1/5th what LNG does.
Not that simple. Pipeline might cost up to $20 billion. Once it is online it beats LNG for sure. You still need to take back initial $20 billion.
I live in W PA, and my neighbor is a shift manager at a gas pipe manufacturer {it used to be USSteel, but is now independently owned}.
They are working 7/24 and hundreds of families are driving better cars {trucks}, eating out more often, getting new carpeting, windows, roofs, etc.
The economy in W. PA. is HOT and it is because of the fracking of our natural gas.
The fracking companies are repairing the roads that they travel {out of their own funds} and doing it better and way faster than PennDOT.
I love President Trump and the removal of regulations that have stymied growth for decades.
I feel so badly for NY State residents that are sitting on all that natural gas in their Marcellus Shale reserves, that are not being used because of mario the pious' son.