NGSA predicts summer natural gas markets will stay hot

A producer group June 8 said if US meteorologists' predictions about a warmer-than-normal summer materialize, natural gas prices that likely will rise, assuming the economy continues to strengthen and North American gas production stays flat.The Natural Gas Supply Association released its second annual snapshot of what it expects the summer market to look like, and the outlook is similar to last year in that the association's report, prepared by Arlington, Va.-based Energy Ventures Analysis Inc., predicts there will be a tight balance between supply and demand over the next few months.Although NGSA did not predict exactly what wholesale and retail gas prices would look like, it sa...

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