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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
March 11, 2008

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.”

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