We still think in summer 2013, natural gas prices face up space, but 2012 summer prices too much
There are more and more evidence, including natural gas and coal producer said, natural gas drilling a low number, recently confirmed the United States energy information administration in February in production, show that of the natural gas producers are low to react, raising the gas prices rebound sharply. Although this proved us about the price is in 2013 rose to $4 per million British thermal units views, but we still think this summer's natural gas prices will stay low to stimulate the gas and coal hit a record high and avoid inventory is beyond the capacity of storage. Therefore, although we think the 2013 summer natural gas prices have more uplink space, but we think 2012 summer natural gas prices rising ?
High inventories in Canada, reducing the supply of the United States this summer digestion surplus space
Although the gas generation coal is this year since the natural gas market the main driving factors to balance, but reduce to Canada imports of natural gas and help ease the America of the excess supply. One consequence is Canada's surplus supply also, this case needs to keep prices low to reduce production and stimulate demand. In addition it also makes Canada at a very high level of inventory. This added a risk, the Canadian inventory may be in before the end of summer to saturation, forcing strength greater reduction, or force gas entered the U.S. market by local extra gas ready to replace demand.
In Canada imports of natural gas to reduce for several years, the United States should be the net imports in 2013-2014 stabilising, after liquid gas exports will further make net imports dropped
Despite being imported from Canada may increase a short, but we expect 2012 U.S. natural gas net imports will decline, and as the U.S. production growth is slowing but in 2013 and in 2014 stabilising. Liquid gas will after since 2015 began to export, and make America net imports will further down.