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Natural Gas M&A Deals Sizzle as LNG, Power Demand Heats Up

Natural Gas Intelligence · last updated

Global upstream deals have fallen sharply this year in all but one category – North American natural gas – as LNG exports expand and power demand soars in the Lower 48 and Western Canada.

Bar graph showing natural gas' share in upstream U.S. shale deals compared to NGLs and liquids.

Natural gas deals, “especially in U.S. shale and Canada’s Montney region, are holding up well,” Rystad Energy’s Atul Raina, vice president of upstream merger and acquisition (M&A) research said.

Worldwide M&A dealmaking was reviewed through the first half of the year. North American natural gas has been hot, but oil-rich prospects not so much.