UNDERSTANDING THE MARKETS AND THEIR IMPACT ON PROJECTS
North American Gas expert, Robert Ineson from Cambridge Energy Research Associates (CERA), will present a post mortem on the summer gas market and look forward to its ramifications on economy and industry projects.
In the spring of 2006, at a time when the futures market and many industry observers were predicting extremely high gas prices, experts at CERA took a different view. They saw market fundamentals suggesting sharply falling gas prices. Ineson will review the summer gas market and discuss its implications for the future of natural gas prices and exploration and production activity.
Specific questions he?ll address include:
- Why has the futures market consistently priced the winter contracts at $11.00 and $12.00 per MMBtu?
- Was the $4.00+ per MMBtu seasonal price spread justified?
- What are the implications of continuing high storage inventories?
- How long will the trend continue?
- What is the impact of potentially weaker prices on the continued search for unconventional gas resources?
Business analysts, project managers and engineers will all benefit from Ineson?s unique and independent perspective natural gas markets and the activity they impact.