Energy – February 2010
Natural Gas – Lots of ex-North American Activity!! In this note, I should comment on global natural gas. Despite apparent oversupply (everywhere!!), via both heavy LNG startups and relatively weak demand (Europe, Japan/Korea), the product has a very bright future. Pricing is, understandably, weak, with oil/gas ratios of 20:1 in North America, 13:1 in Europe, …