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Natural Gas Prices in North America to Benefit from Shale

11:01 AM MDT | March 25, 2011 | —LINDSEY BEWLEY IN HOUSTON

A surge in supply from unconventional gas sources will keep North American natural gas prices low relative to crude oil through at least 2015, Bill Sanderson, president and CEO of Purvin & Gertz (Houston) told attendees at CMAI’s 26th Annual World Petrochemical Conference held last week in Houston. The development of shale gas resources in North America will also help to keep natural gas and natural gas liquid (NGL) prices low relative to petroleum feedstocks. U.S. natural gas production is increasing dramatically from shale gas production, despite lower...

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