Macquarie: Coal-to-Gas Switching to Keep Gas Rangebound Through Late 2015
Breaking Energy 2013-08-29
Summary:
Coal-to-gas switching in the power sector has been a “brutally efficient” driver of US natural gas demand, and until new demand sources materialize, it will keep gas trading in the $3.20-$4.20 per million Btu range, according to Macquarie Global Oil & Natural Gas Economist Vikas Dwivedi. “Gas demand so far has been led by power,” Dwivedi said during… Keep reading →