Natural gas prices on the rise

By CMTA Staff

Capitol Update, Sept. 2, 2005 Share this on FacebookTweet thisEmail this to a friend

For nearly a year CMTA has been leading a coalition of businesses and consumer groups, Californians for Clean Affordable Safe Energy (Cal-CASE), to encourage the state of California to increase the supply of natural gas through the siting of LNG terminals.  Cal-CASE believes that economic growth is threatened and consumers will suffer through high natural gas and electricity prices unless natural gas supplies are increased through these projects.   

Market trends show that we urgently need these investments now. Tight supplies have caused prices to rise to nearly record levels. This week NYMEX trading showed future prices moving as high as $11.76/MMBtu.  The Center for Energy Efficiency and Energy Technology calculates that California is on track to pay $2 billion more in natural gas costs than in 2004 and that this figure could be as high as $7 billion more if the average natural gas prices settle above the current average.   

If you have not already done so, please join Cal-CASE and help California adopt policies to support more natural gas supplies.  

To join and for more information click here.

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