Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
Posted on Mar 12, 2008 in Canada & Mexico, Markets and Competition | Comments Off on Consultant: As LNG Imports Increase, Expect Gas Prices to Decline
While natural gas prices in North America rose by 7% last week due to winter storms and rising crude oil prices, Bill Gwozd of Ziff Energy Group told the Calgary Herald that he expects gas prices to decline over the long term. Gwozd cited a weak economy and increasing LNG imports to the U.S. as reasons for potentially falling natural gas prices, saying there will be “more supply coming in than demand rising.”