Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and/or petroleum products, especially in continental Europe. Natural gas prices in the US had historically followed oil prices, but in recent years have decoupled from oil and are now trending somewhat with coal prices.
The current surge in unconventional oil and gas in the U.S. has resulted in lower gas prices in the U.S. This has led to discussions in Asia' oil linked gas markets to import gas based on Henry Hub index.. Recent high level conference in Vancouver, the Pacific Energy Summit 2013 convened policy makers and experts from Asia and the U.S. to discuss LNG trade relations between these regions.
Read more about Natural Gas Prices: U.S. Market Mechanisms, Natural Gas Demand, Natural Gas Supply, Trends in Natural Gas Prices, Natural Gas Prices in Europe, Natural Gas Prices in South America, See Also
Famous quotes containing the words natural, gas and/or prices:
“Chastity is a monkish and evangelical superstition, a greater foe to natural temperance even than unintellectual sensuality.”
—Percy Bysshe Shelley (1792–1822)
“When we can drain the Ocean into mill-ponds, and bottle up the Force of Gravity, to be sold by retail, in gas jars; then may we hope to comprehend the infinitudes of man’s soul under formulas of Profit and Loss; and rule over this too, as over a patent engine, by checks, and valves, and balances.”
—Thomas Carlyle (1795–1881)
“On the breasts of a barmaid in Sale
Were tattooed the prices of ale;
And on her behind
For the sake of the blind
Was the same information in Braille.”
—Anonymous.