Ngsa

R. Skip Horvath, president of the Natural Gas Supply Association (NGSA), said Wednesday that the “calm in today’s natural gas prices” is nothing more than “the low side of our normal business cycle,” with volatility normal and expected in a healthy, competitive market. Horvath, speaking at CERAWeek 2002 in Houston, said the market will continue to see swings, requiring producers to understand both the “depths and heights” to make proper investment decisions.

R. Skip Horvath, president of the Natural Gas Supply Association (NGSA), said Wednesday that the “calm in today’s natural gas prices” is nothing more than “the low side of our normal business cycle,” with volatility normal and expected in a healthy, competitive market. Horvath, speaking at CERAWeek 2002 in Houston, said the market will continue to see swings, requiring producers to understand both the “depths and heights” to make proper investment decisions.

Despite slightly lower wellhead deliverability this yearcompared to last and the growing need for producers to increasedrilling just to maintain production because of steep declinerates, Natural Gas Supply Association President Skip Horvathinsisted yesterday there will be no gas supply “shortfalls” thiswinter. As long as buyers are willing to pay the price, the gaswill be there.