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NGSA: US natural gas supplies strong now, in foreseeable future

06/09/2008
US natural gas supplies are strong and will remain that way for the foreseeable future, according to an association of gas producers and marketers.The amount of gas in storage is on track to meet this year’s expected winter demand, which should help lower prices, said Jenny Fordham, director of energy markets and government affairs for the Natural Gas Supply Association (NGSA).Fordham said that while gas production from the Gulf of Mexico has been dropping in recent years, producers have met consumer demand by developing new gas finds in unconventional shale fields in Texas and in Marcellus shale field, which stretches from New York to West Virginia. NGSA also expects US LNG imports...
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