Chris McGill Natural Gas Market Indicators

The traditional winter heating season is now upon us, though October has been warmer than normal. In fact, the past summer was nearly 25 percent warmer than normal for the country, as a whole, and even with strong calls on natural gas for power generation large volumes were placed into underground storage facilities.  Along with domestic production growth in 2010 this portends well for meeting the physical requirements of gas customers this winter.

Pricing can always be an issue given weather events but early expectations for temperatures across the country for the November 2010-March 2011 timeframe is for normal to warmer than normal conditions to prevail for much of the country.

Visit this link to download the full Natural Gas Market Indicators. 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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