Here’s the latest NG Market Notes from Navigant Consulting.
There is a paragraph at the beginning of page 2 that is so well written, I just had to quote from it. I don’t know who wrote it; it had to Chris, Gordon, Rick, or Chris.
Any market were chronic supply/demand imbalances keep prices high … definitely needs additional infrastructure. Part of the challenge for the gas industry is that chronic high prices argue for investment in supply development and basic delivery infrastructure, while monthly and daily load and price volatility argue for flexibility-related infrastructure. Some investment choices need to be made.