Natural gas prices hit 10-year low

Natural Gas Dec 14, 2011 No Comments

Natural gas moleculeNatural gas prices in Alberta fell to 10-year lows this week, increasing pressure on an industry already struggling in an oversupplied continental market.
The outlook for 2012 remains bleak as record high inventories in Canada and the United States emphasize the need to expand outlets for the abundant resource, and fast forward liquefied natural gas projects, said analysts.

Prices at the benchmark AECO storage hub in southern Alberta averaged $2.93 per gigajoule Monday, the lowest price since 2001 for the same period, according to Internet natural gas exchange NGX.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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