Declining Demand And Production Of Natural Gas Not In Sync: Lower Gas Prices As A Result
Replies to This Discussion
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Permalink Reply by om28v on -
Again, the "fresh insight" here appears a little old actually. Mr. Buckners article seems much more current "Oil and Gas companies now rushing to catch up as gas supplies tightening". Sometimes it seems the markets are games based on whims, and are very fickle indeed. The facts can ruin a good story sometimes.
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Permalink Reply by essay on
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people are already talking up recovering industrial demand. i would also look to the net withdrawal this week, as even that piece admitted that the heating season is barely underway.
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Permalink Reply by Parkdota on
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Yeah, I hope he's wrong but in the crazy world of natgas pricing it does appear sometimes that perception is reality. I'm concerned about all the wells being drilled due to hbp and all the wells already drilled waiting for pipeline and/or to simply be put into production. The HA is producing roughly 1.0+bcf per day with projections of 2.5 to 3.0 bcf per day near the end of 2010. The cold weather does appear to be helping and there are predictions that summer of 10' will be a heavy hurricane season so I guess we'll see.
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Permalink Reply by sesport on
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Whew, close one ...
TWST: As I remember, a year or two ago there was going to be a big influx of LNG and it hasn't happened. Is that because of the economy or are there other issues?
Mr. Ferara: No, LNG is a commodity sold around the world. But something we focused on, and which has been the case, is that gas prices have simply been higher in Asia and most of Europe. In those countries, natural gas prices tend to be based off of crude oil prices, which continue to trade relatively high. So comparably, an LNG seller would do far better selling to those markets than they will to the U.S. So it's really just come down to a competitive standpoint, whereby gas prices are not high enough here in order for the seller to be willing to sell their product here.
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