Title: Monthly Gas Briefing: Another Fall Tradition
URL(s):

http://www.cera.com/eprofile?u=35&m=2802;


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NATURAL GAS MARKET LOOKS FOR THE ARRIVAL OF WINTER

Natural gas market participants are renewing the annual tradition of seizing on
each weather forecast for hints of the onset of winter weather. Although these
jitters have led to higher early-November prices, the winter market looks to be
well supplied owing to the combination of milder weather, depressed demand,
high storage levels, and ample production. December Henry Hub prices are
expected to average $2.70 per MMBtu.

* US gas storage inventories are estimated to leveled off at 3,107 billion
cubic feet (Bcf) by the end of October. Without harsher weather, the year-over-
year storage surplus should swell to over 770 Bcf by end-December.

* December demand will be significantly lower than in 2000 due largely to the
milder weather expected this year. While some industrial demand will return due
to lower gas prices, overall demand should be 11 percent lower than last year.


**end**

Follow above URL for complete CERA Monthly Briefing (6 printed pages).


E-mail Category: Monthly Briefing
CERA Knowledge Area(s): North American Gas


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