Chris McGill Natural Gas Market Indicators

According to the Energy Information Administration and after 37 years of reporting data, January 2010 was the all time record month for natural gas delivered to consumers in the United States. Daily delivered volumes of gas averaged 85.4 Bcf, establishing the new record.

Entering the net injection season for underground storage, natural gas supply remains strong, domestically, with hints of incremental gains in LNG imports for 2010. Even though the absolute wellhead acquisition price for natural gas remains unpredictable from day to day, the current forward view of gas prices is one of relative stability, given all of the market fundamentals that are now observable.

Visit this link to download the full Natural Gas Market Indicator. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

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