Light at the end of the US gas market tunnel
Low prices have so far failed to temper producers’ zeal for US natural gas, but change may be on the horizon. Pauline McCallion speaks to analysts about their natural gas price expectations for 2011
Relatively weak natural gas prices over the past two years have failed to make a dent in US production levels and, as a result, the balance of the market remains skewed as demand struggles to soak up the supply overhang.
The near-term forecast does not seem to show much disruption to this picture, with analysts predicting an average price of $4.98 per million British Thermal Units (MMBtu) in 2011
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