REGIONAL

The US shale gas revolution has left the energy market in a state of flux. Future North American LNG exports present an emerging threat to Qatar, which will face growing competition in the Asian market. But another feature of the North American shale gas boom is that it has led to a long-term, sustained increase in LPG production in the US, enabling rapidly increasing volumes of LPG exports.

Between 2012 and 2013 alone, US LPG exports rocketed from 196,000 b/d to 332,000 b/d...