Gas-price outlook bullish;but LNG creates new ceiling

摘要

All signs point to continued high natural gas prices,and continued challenges to adding gas supply,three speakers said in a wide-ranging,Q&A-style discussion at the IPAA's midyear meeting last month.Natural gas supply is decreasing in Canada,said John Richels,president,Devon Energy Corp.2007 daily production could be down by as much as 1 billion cubic feet,as the year-over-year rig count is only half what it was in 2006,and the heavy-oil-sands projects are using more gas.