Remember me | Forgot password
For full content view: Log in Now!
Natural gas prices in the US are more than $11/MMBtu (Henry Hub), an increase of more than 96% since September 2007. They haven’t been this high since the 2005 supply interruption after Hurricanes Katrina and Rita. As recently as mid-February 2008, Bloomberg predicted that gas prices would remain around $8/MMBtu for the rest of the year, and Raymond James forecast prices below $7. These predictions failed to recognize that we have reached the limits of global gas supply, at least for a while.
Natural gas prices reflect real supply and demand balance, as well as the perception of near-term changes in that balance. The key factors that suggest a gas supply limit include US production trends, growth in consumption, competition and delays in LNG supply, gas for ethanol production, and the linkage of gas and crude oil prices.
US gas production increased 4% in 2007, to 19.3 Tcf, mostly due to Barnett Shale additions of more than 1 Tcfg.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Doha - January 20-22
Cancun - January 27-29
Oslo - January 28-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.