Natural Gas: North American Outlook ///

The outlook in 2003 is moderately optimistic. Wellhead prices should average close to $4.00/MMBtu, while the gas well rig count should get back to around the 800 level. A recovery in gas demand back to the 2001 level is the most likely outcome for 2003. With only a modest increase in demand – related to cold weather – and some new storage projects coming on, storage should be adequate to meet next winter’s requirements. Pipeline construction has tapered off. Meanwhile, companies try hard to get a collective grip on how to minimize security risk without substantial investment.

Log in to view this article.

Not yet a subscriber?  Find out more and subscribe today! 

Already a subscriber but don’t have an online account? Contact our customer service.



*Access will be granted the next business day.