The tragedy in Japan is not expected to have a significant impact on near-term natural gas supplies in the United States, but the longer-term impacts could be very different. Japan will likely look to replace a portion of its lost nuclear power with natural gas-fired electric generation. This will increase the country's global demand for imports of liquefied natural gas (LNG).
The United States doesn't rely heavily on LNG imports so near-term price implications are viewed as minimal even if the U.S. does see a reduction in its LNG imports. Longer-term, however, an increased reliance on natural gas-fired electric generation around the world could dramatically change how the balance between natural gas supply and demand is viewed.
In its most recent analysis, Natural Gas Buying Guide, Energy Solutions, Inc. explains the importance of a disciplined, proactive natural gas purchasing strategy. "Without a plan, buyers are at the mercy of Mother Nature, "says Valerie Wood, President of Energy Solutions, Inc. "Events like Hurricane Katrina cannot be anticipated, but if you are prudently securing your company's natural gas supplies on a regular basis during price weakness, your company will have some price insulation when it is most needed."
Natural Gas Buying Guide provides buyers with a comprehensive three-step approach to insure increased price stability at lower price levels. Learn more at www.energysolutionsinc.com or Click Here to View The Executive Summary.
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About Energy Solutions, Inc.
Formed in 1996, Energy Solutions, Inc. is independently owned. With more than 50 years of experience in the natural gas industry, our team focuses on natural gas prices and in helping businesses improve their internal processes for the purchase of natural gas.