1 / 7

Gulf Coast Storms Exacerbate High Natural Gas Prices in Summer 2005

This article reviews the impact of Gulf Coast storms on natural gas supplies and the subsequent increase in energy prices during the summer of 2005. The hotter weather and strong electric generation further contributed to high prices. The combined effects of hurricanes Katrina and Rita caused natural gas shut-ins, leading to a forecast of continued high prices throughout the winter. The uncertain timing of infrastructure repairs from the Gulf adds to supply tightness.

deedee
Download Presentation

Gulf Coast Storms Exacerbate High Natural Gas Prices in Summer 2005

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Summer 2005 Energy Price Review:Gulf Coast Storms Exacerbate Tight Natural Gas Supplies;Already High Prices Driven HigherStaff ReportState of the Natural Gas Infrastructure ConferenceOctober 12, 2005

  2. Prices for Energy Increased Through the Summer

  3. Late Summer 2005 Was Much Hotter than 2004

  4. Resulting Electric Generation Was Much Stronger as Well

  5. Early Storage Inventory Surpluses Eroded with Summer Demand

  6. Combined Effects of Katrina and Rita Far Surpassed 2004’s IvanIn Combined Natural Gas Shut-Ins

  7. Natural Gas Prices are Likely to Remain High Through Winter • Current storage inventories remain above 5-year averages • Timing for repair of infrastructure from the Gulf is not clear – will continue to stress system • Supply tightness largely a function of winter weather

More Related