New signs abound of future gas market tightness

New signs of future market tightness in North America's natural gas sector continue to be manifested.The latest bullish trend is what Boston-based Energy Security Analysis Inc. terms the continuing "arraignment" of the gas industry before the investment community, regulators, and the public. The spillover from the Enron Corp. meltdown has contributed to a brutal spotlight trained on the similar big energy merchant firms, now grappling with tussles with regulators, congressional investigating committees, and litigators. The erosion of value among these companies has spawned some liquidity crises that is affecting the gas sector overall.ESAI contends that the media spotlight has severel...

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