New US Natural Gas Projects Seen Boosting Supply, Easing Prices

New supplies of natural gas scheduled to hit the U.S. market over the next several months are expected to beef up already healthy inventories and could result in lower natural gas prices.

U.S. gas stocks are at near-record levels after a warm early winter and a cool early summer have kept gas demand for heating and cooling moderate. New gas supply from the Independence Hub in the deep waters of the U.S. Gulf of Mexico, and from the Rockies Express Pipeline out West could put downward pressure on gas prices, some analysts predict.

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