July 2005

Trends and Resources

HP Impact: HPImpact: US wholesale natural gas market likely to remain tight this summer

Projected warmer-than-normal summer weather in the South and West, increasing economic demand and relatively flat production could lead to higher natural gas costs this cooling season, according to an..

Weirauch, Wendy, Hydrocarbon Processing Staff

Projected warmer-than-normal summer weather in the South and West, increasing economic demand and relatively flat production could lead to higher natural gas costs this cooling season, according to an analysis by the Natural Gas Supply Association (NGSA). "The existing tight-market situation has resulted in a period of sustained higher natural gas prices for the past several years. Due to local and state opposition to exploration, access restrictions and smaller, less economical finds, producers are struggling to meet growing demand for natural gas," says Joseph A. Blount, chairman, NGSA, and president, Unocal Midstream & Trade. The upward market pressure this cooling season i

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