In a natural gas market where abundant supplies and a lack of demand have depressed prices, the scarcity of pipeline capacity has added to the complexity for buyers who must ensure daily deliverability to customers, a panel of executives said recently.

“When you talk about supply and demand in pricing, I have been in the business a long time, and I have seen it go up and down,” Patriots Energy Group executive director Mike Enoch told an audience at the LDC Gas Forums Southeast held in Florida last week. 

Enoch said low prices tend to solve low prices, and high prices solve high prices “because the market does react to it.” However, “This is the first time you can throw pipeline capacity into the mix because it has been very hard to come by.”

Patriots Energy Group...