Summer strength predicted for US natural gas prices

Natural gas storage levels may be up, but the Natural Gas Supply Association expects upward price pressure this summer as US demand grows amid unchanged overall import levels and a return to normal summer weather.“We exist in an environment of higher sustained natural gas prices, and we expect it to continue into the 2005 summer cooling season,” NGSA Chairman Joseph A. Blount told reporters in Washington, DC. Demand should increase 4.5%, pushed by the electric sector, which accounts for two thirds of the growth, he indicated.The association, which represents gas producers, does not forecast prices or ranges. The US Energy Information Administration said in its May Short-Term E...

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