Relatively soft demand has depressed the natural gas market.
CoBank energy economist Teri Viswanath says prices around $2.30 per One million British Thermal Units (MMBtu) are a far cry from where they were a year ago.
“We had a very light heating season, we now have ample supply (and) high inventories (so) it’s pressuring prices.”
Natural gas is used to produce synthetic fertilizers including nitrogen and she tells Brownfield a price correction is unlikely in the near term.
