Supply & Demand

Gas prices will remain low for at least seven years – Bernstein

Research and brokerage firm Bernstein has forecast that gas prices will remain low for a long time.
By Staff reporter 23 May 2018 0 30996

Research and brokerage firm Bernstein has forecast that gas prices will remain low for a long time.

“We are gas bears and believe that we have seen the end of $3/MMBtu gas prices for at least seven years,” analyst Jean Ann Salisbury was quoted as saying by Natural Gas Intelligence.

The forecast depends on a number of factors, including flattening demand after 2020 and the growth of associated gas production from the Permian Basin in the United States.