ARLINGTON, VA — Natural gas prices are likely to be high and volatile over this coming winter as supply struggles to keep up with demand in the tight supply-demand balance, according to Energy and Environmental Analysis, Inc.’s (EEA’s) November Monthly Gas Update.

“Because the supply-demand balance is very tight, gas storage will be heavily relied on to maintain system reliability and keep prices in check,” said Kevin Petak, director at EEA. “As a result, storage is likely to be drawn down to very low levels. The heavy withdrawals of gas storage that occurred last winter are likely to repeat this winter, but the amount of gas to work with is more limited this year.”

For a copy of EEA’s Monthly Gas Update, visit EEA at (website).

Publication date: 11/20/2000