NGSA: 'Neutral pressure' on gas prices expected this winter

10/14/2013
Based on an analysis of the economy, weather, demand, production, and storage, the Natural Gas Supply Association expects flat price pressure on the natural gas market compared with last winter, NGSA said in its 13th annual Winter Outlook 2013-14. NGSA used data from Energy Ventures Analysis (EVA) for its demand and supply projections and data from IHS Global Insight for its economic projections. "When NGSA weighed all the different pressure points, the picture that emerged for the upcoming winter is one of quiet growth in supply as well as in demand for natural gas," said Greg Vesey, NGSA chairman and Chevron Corp. vice-president of gas supply and trading. "The stability i...
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