LNG possibilities keeping natural gas prices down in U.S.

Michael Giberson

“Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United States and the reduced industrial demand overseas,” Hackett said…

Gas futures on the New York Mercantile Exchange have dropped about 30 percent this year, compared with oil’s 33 percent increase.

From a brief story reporting Anadarko Petroleum CEO James Hackett’s assessment of conditions in the natural gas market.

Trends noted earlier here (see LNG and the future of natural gas prices in the U.S.) appear to be continuing.