Gas supply problems persist

Natural Gas

US natural gas prices have stayed above $4.50 per million British thermal units (mmBtu) since the start of the year – almost double the average 2002 price. Meanwhile, recovery levels [rates?] from gas fields are falling, and efforts to open up new sources of supply are facing strong political opposition.

Daniel Yergin, chairman of consultancy Cambridge Energy Research Associates (Cera) based in Massachusetts, says the high prices – unpleasant as they are for end-users – are sending a stro