Supply glut, record storage levels to keep lid on summer prices: NGSA

摘要

Record-high storage levels, ample production and forecasts of cooler-than-average weather will hold natural gas prices down throughout the summer, the Natural Gas Supply Association said Tuesday.These and other factors "will likely place overall downwardpressure on natural gas prices compared to the summer, of 2011, when the average Henry Hub price was $4.15/MMBtu," the producer group said, while not offering specific price projections for the current cooling season.NGSA, citing Energy Ventures Analysis, said the US is expected to see summer temperatures 2% below the 30-year average and 13% below those of last summer.