LNG, shale impact on US nat gas: Rodney Malcolm, Citigroup

Rodney Malcolm, managing director, global commodities at Citigroup, speaks to Pauline McCallion at the Energy Risk USA conference in Houston about the development of a spot market for LNG in Asia and whether the US shale gas boom could be replicated in China.

This year Citigroup carried out the first financial swap based on the Japan/Korea Marker (JKM), which tracks marginal LNG cargoes in the Asian market. Malcolm explains that a slight oversupply of natural gas in recent years allowed for the