NatGas Price Volatility to Return in 2017, Lifted by Mexican Power Demand, Says ConocoPhillips Strategist

摘要

With an eye toward winter weather, natural gas price volatility is likely to return in 2017, given the prospect for potential capacity constraints and ever-larger exports to Mexico to support gas-fired generation, according to ConocoPhillips’ Jim Duncan, who directs commodity market research. Assuming that traditional winter weather shows up, even a “half-polar vortex winter,” developments driven by the electric generation sector are likely to shake up gas prices, said Duncan Tuesday at the LDC Gas Forum Rockies & West meeting in Denver. Duncan and other speakers who followed him at the first day of the conference predicted that the Rockies would return as a key supply basin in the years ahead.