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Gas supply problems persist

Natural gas prices are likely to remain high, as the Bush administration’s efforts to open up new sources of supply continue to face opposition. Kevin Foster reports

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)

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