Demand for Natural Gas Outpaces Supply

WASHINGTON – Progress is being made in restoring offshore natural gas facilities shut down by hurricanes, but gas prices will remain high as demand outpaces supply, the head of the
Federal Energy Regulatory Commission said Tuesday.

Even with recovery of operations along the Gulf Coast, “I don’t think they’ll go back to the level they were a few years ago,” said FERC chairman Joseph Kelliher.
He said that shut-in, or halted gas production along the Gulf has gone from 54 percent of normal output three weeks ago to 32 percent, representing significant progress but also pointing to the remaining damage that has disrupted supplies and driven up heating fuel costs.

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