Navigant (NYSE: NCI) released its bi-annual natural gas outlook, North American Natural Gas Market Outlook, Fall 2012, which includes Navigant’s forecast for natural gas prices, supply and demand through 2035. The Fall 2012 Outlook focuses on changing natural gas demand including increases to Navigant’s expectations for LNG exports in North America.
“North American Natural Gas Market Outlook, Fall 2012”
According to the Fall 2012 Outlook, significant natural gas demand growth in North America will occur over the next decade, driven by a combination of greater use of gas-fired generation plants and higher natural gas demand for industrial use. Much of the projected growth in the medium-term will be due to increased coal-to-gas substitution in the power sector as a result of persistently low but slowly increasing natural gas prices, as well as significant scheduled retirements of existing coal-fired generation plants expected across the United States over the next five to seven years.
Source: Business Wire
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