TITLE

TOO MUCH GAS, BUT PRICES STILL TOO HIGH

AUTHOR(S)
Robinson, Simon
PUB. DATE
June 2006
SOURCE
ICIS Chemical Business;6/26/2006, Vol. 1 Issue 25, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that U.S. federal energy officials has authorized the expansion of private storage facilities for natural gas. Despite the pending glut, however, Federal Reserve chairman Ben Bernanke warned that gas prices are likely to stay high. The Federal Energy Regulatory Commission's action follows reports released by the Natural Gas Supply Association in May 2006 that current natural gas storage capacity may well be filled by the end of September, well ahead of the usual build up, so gas producers may have to shut down some production.
ACCESSION #
21474945

 

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