10.12.2012 - Coal switch threat keeps Natural Gas prices under check
With supply expected to grow by about 1.4 Bcf/d y/y through the winter (Dec 2012-Mar 2013), natural gas needs to be deep within the coal stack in the Eastern power markets for the gas market to balance, assuming normal weather. “This keeps a lid on gas prices despite tightening market fundamentals.” Barclays said in a report. In December, unless weather patterns return to normal or become colder, there could be further downside to prices, as the y/y short fall in nuclear generation is due to more than halve in the month, lending less support to power burn...............................................Full Article: Source
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