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The Financialist reported that though natural gas prices are still slated to decline over the next six years, they likely won’t do so “as dramatically as once thought.”
The Financialist reported that though natural gas prices are still slated to decline over the next six years, they likely won’t do so “as dramatically as once thought.”
As quoted in the market news:
While U.S. dry natural gas production has increased from 19.1 trillion cubic feet in 2003 to 24.3 trillion in 2013, the supply of global LNG is not keeping up with demand. As recently as last year, Credit Suisse forecast that LNG supply would catch up with global demand by 2017. But thanks to reduced output of gas in Egypt, Indonesia and Algeria, construction delays in Australia, plus development risks in Canada, Tanzania and Mozambique, analysts recently pushed that date back to 2019.