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Market MovementNatural gas price forecast loweredWorking natural gas in storage should peak near 3.15 tcf in October, triggering lower spot gas prices, said international energy consultant Purvin & Gertz in an Aug. 29 report. Click here to enlarge image"We now expect that the pipeline acquisition price of gas on the US Gulf Coast will remain fairly flat at an average of about $3.10/MMbtu in August and then slump below $3 during the 'shoulder months' of September and Oc- tober. Prices should then rise during the remainder of the year to a peak of $3.45 in December," Purvin & Gertz said. The consulting firm pro- jected Mid- continent gas prices averaging $3.05/MMbtu in August befor...

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