Natural Gas Oversupply Prompts LNG Boom -- Clean Energy Fuels Corp and Cheniere Energy Poised to Benefit
The Paragon Report Provides Equity Research on Clean Energy Fuels Corporation & Cheniere Energy
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 03/07/12 -- Natural gas prices are bordering on decade low levels this week as above normal temperatures across the nation push usage down. The dramatic drop in natural gas prices, combined with the United States' abundant supplies has prompted fuel switching by utilities away from coal into cheaper gas. Moreover, the large supply of natural gas has pushed the government to consider boosting exports of liquefied natural gas. The Paragon Report examines investing opportunities in the natural gas market and provides equity research on Clean Energy Fuels Corporation (NASDAQ: CLNE) and Cheniere Energy, Inc. (NYSE Amex: LNG). Access to the full company reports can be found at:
Last month, Energy Secretary Steven Chu said that the U.S. Energy Department will not make a decision on future liquefied natural gas exports until it has weighed the potential consequences of sending U.S. gas abroad. Chu explained that there was concern that exporting the nation's surplus natural gas could lead to higher prices, but that had to be balanced against the economic benefits of increasing the U.S. exports.
Louisiana state Economic Development Secretary Stephen Moret says that -- provided natural gas prices remain low, but not too low -- Louisiana will see tens of billions invested in petrochemical plants and LNG export terminals and also thousands of construction and permanent jobs that accompany them.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the natural gas market register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Earlier this month, Senator Jeff Bingaman, and chairman of the Energy and Natural Resources Committee, introduced a measure to force electricity companies to use an increasing share of energy produced from "clean" sources over the next two decades. Bloomberg reports that natural gas, which already is edging aside coal in American electricity generation, would be one of the biggest beneficiaries of a clean-energy mandate.
"The obvious goal is to expand it beyond renewables in order to get enough votes," said Dan Simmons, director of regulatory and state affairs at the Institute for Energy Research in Washington, a group critical of the legislation. "By including natural gas, it's a way to broaden support."
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Datum: 07.03.2012 - 07:20 Uhr
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