(EnergyAsia, June 23, Tuesday) — Under pressure from a growing global glut and weakening demand, natural gas prices could collapse as early as this summer, said UK energy consultant Wood Mackenzie. The worldwide glut has already driven down spot natural gas prices over the past year as the market increasingly favours buyers. Noel Tomnay, the…
MARKETS: Global glut driving down LNG and gas prices, said consultant
Posted on June 22, 2009 by EnergyAsia