Natural Gas Prices to be Flat
It appears that next year's prices for natural gas will be flat, according to estimates provided by the Natural Gas Supply Association (NGSA). The estimates were published October 4, 2011, and provided to attendees of the United States Energy Association's (USEA) Annual Energy Supply Forum held in Washington, D.C.
NGSA collected and published third-party estimates for 2012 Henry Hub prices from six separate sources. Energy Ventures Analysis offered the lowest estimate at $3.73 per million British Thermal Units (MMBtu). Raymond James (RJF) estimated $4.25 per MMBtu, the U.S. Energy Information Administration (EIA) forecast $4.33 per MMBtu, Stephen Smith Energy Associates estimates $4.35 per MMBtu and UBS AG (UBS) estimates $4.90. Deutsche Bank AG (DB) offered the highest estimate at $5.00 per MMBtu. The median estimated price is $4.34, and the average estimated price is $4.43 per MMBtu. Current spot and future prices are approximately $3.49 per MMBtu and $3.52 per MMBtu, respectively....567 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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