Natural gas prices at New England City Gates spiked up $6/MMBtu during a recent cold spell in November only to fall back $4/MMBtu last Friday (November 30, 2012) on forecasts of warmer weather. There have been three periods of price volatility in New England during the past year. The close proximity of 7 Bcf/d of shale gas production from the Marcellus is not helping. Today we look at the New England natural gas supply situation.
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