Some of the fundamentals of the US natural gas sector include a downward pressure on prices due to excess supply inventories (natural gas and coal reached near record high inventory levels in mid 2009), temporary increase in nuclear power generation and growth in shale gas production. When all of these items come hand in hand with lower than expected power demand (weakened economy, warmer winter) this led to an inevitable softer market, in which gas sellers have an incentive to attempt incremental coal-to-gas substitution or coal-to-gas switching in order to rebalance the market and sell excess supply. In addition, the US market is a highly competitive, deregulated liquid market. The US has many options and sources of supply (including LNG, large storage capacity, coal and nuclear). The ensuing competition in the US has placed downward pressure on natural gas prices. This, however, cannot be translated to the Eastern Med or the Israeli market, which is in fact antipodal in that there is no nuclear power, no natural gas storage facilities and little room for expansion of much more coal power stations. A number of analysts expect a prolonged downturn in the North American natural gas market.The US has about 40% of global regasification capacity and is capable of importing 35% of the world’s LNG supply