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Goldman Sachs (GS) analysts say low natural gas prices likely until 2015

|Includes:APA, APC, CHK, CVX, DVN, Goldman Sachs Group Inc. (GS), HK, MRO, RRC, SD, SWN
 

Washington (Platts)--7Jul2011/259 pm EDT/1859 GMT

While predicting that US natural gas prices will reach $6/MMBtu by 2015, Goldman Sachs analysts projected they will average about $4.25/MMBtu in the near term as new shale gas continues to flow into the market.

Goldman said it believes gas supplies will grow by 2.9 Bcf/d this year and by 1.2 Bcf/d in 2012.

Stocks: GS, CHK, APA, APC, SWN, RRC, SD, HK, MRO, CVX, DVN