Gas Supply to Fall Below Demand In 2013-14, Prompting Price Bump

摘要

A combination of improved operating procedures and low demand has contributed to a gas surplus that has kept North American natural gas prices low this year, according to analysts at Wood Mackenzie. However, relief could be on the horizon as a drop in gas production - spurred by lower levels of gas drilling-coincides with recovering demand as the economy improves, creating a temporary price bump in 2013-14, analysts told reporters in Houston.