Michael Giberson Kristen Hays reports on the current natural gas supply conditions in the Houston Chronicle: rig counts down, production remains strong, and natural gas in storage is increasing. The US Department of Energy predicts natural gas consumption will fall 2.2 percent this year and grow slightly in 2010. While drilling rigs are being shut …
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 …
Lng Possibilities Keeping Natural Gas Prices Down in U.S. Read More »
Excess LNG export capacity worldwide may find it attractive to ship to U.S., which has excess natural gas storage capacity. As a result, the U.S. may remain well supplied with gas for many years.
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