Prospects for natural gas in the fourth quarter

Subject

Prospects for natural gas in the fourth quarter.

Significance

Platts report that US average spot monthly natural gas price for September fell to 2.35 dollars per million British thermal units (mmbtu), comparing with prices of around 4.0 dollars/mmbtu a year ago. Outside the United States prices are higher, but the trend of softening prices and a relatively weak demand response is the same. China's demand is growing, but not enough to outdo the global supply of liquefied natural gas (LNG) into the fourth quarter.