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Natural Gas Price Forecast

The end of coal is clearly upon us for the most part, largely due to the availability of natural gas reserves that have grown significantly

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Natural Gas, Price, Forecast
Not only is it being used to supply homes with heat, it is being used as a replacement for coal in many locations across the globe. Pixabay

The massive inventory of natural gas that has been a result of fracking technology over the past two decades is truly making its mark on the global economy. Not only is it being used to supply homes with heat, it is being used as a replacement for coal in many locations across the globe. The end of coal is clearly upon us for the most part, largely due to the availability of natural gas reserves that have grown significantly over the the past 20 years. Natural gas inventories are also being converted to liquid as well at pace never seen before in history, and it is clearly positioned to be the prime resource for both heat and electricity supplies within the west if not across most of the industrialized world. This is indeed a positive sign for the future for those wanting to invest in an obvious pro-growth product, as there appears to be no way to go but up with the increased pace of both natural gas and LNG usage. The question now is, what does the future hold for prices?

Current Price Range



High inventories typically mean lower prices for all products as a basic economic rule. This is the current status for natural gas. However, new inventories also translate into more types of usage in higher quantities, which means demand will assuredly increase in the very near future. And demand is what ultimately controls prices of any product with to respect to what the market will bring. This is currently the status for natural gas prices, and Edmonton power providers understand this position, as they are developing plans for consumers with locked-in price guarantees for multiple years when customers enter into the pricing agreement. This guarantees they will have the clients on their input cash flow roster as current and ongoing customers for a set period of time.



Future Increase Potential

Natural Gas, Price, Forecast
The massive inventory of natural gas that has been a result of fracking technology over the past two decades is truly making its mark on the global economy. Pixabay



Of course, the real question everyone will have centers on upcoming prices going forward as demand increases. This may not be so dependent on inventories, as estimates show there is a massive amount of potential natural gas reserves in many locations in countries like Canada. The United States is in a similar position, as energy companies throughout the western hemisphere are assessing the possibilities for natural gas extraction and conversion into usable energy products. Very similar to oil production, natural gas demand may grow at a faster pace than the inventories. This will definitely result in prices being increased depending on the location, demand, and availability of natural gas deposits.



World Bank Predictions



Global players like the World Bank have also weighed in on the uptick in natural gas usage and the pricing index. The 2016 prognosis was exactly what we have seen in the past three years, and they stated even then that the current trend will continue into 2025. The World Bank is now saying the incline will continue to increase generally in line with what energy providers across the globe are anticipating, including demand in Europe as well as the west until 2030 at least with the current market balance. This will no doubt result in steadily increasing prices that should not be too drastic barring some sort of upset in supply and demand.

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The overall outcome of what is apparent in the current market trend is for natural gas to become even more positive for consumers as well as investors in the near future. All customers are looking for stable and reasonable prices, and those who can invest are always looking for a sound investment in a necessary product with little market volatility exposure. While prices will clearly increase slowly over time, natural gas still poses for positive results in the near future for everyone.

Next Story

New Foldable Samsung Smartphone “Galaxy Z Flip” May Price as Low as $860

The device will be able to record 8K video, and a 5G version will be released in South Korea

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Samsung
The South Korean tech giant Samsung had also applied for trademarks in Europe for the Samsung Ultra Thin Glass or UTG and according to sources, this will be the material used for its next foldable. Pixabay

Samsung is expected to launch another foldable smartphone Galaxy Z Flip on February 11 at an event in San Francisco and now a new report claim that the device will be priced between $860 and $1,295.

The pricing is significantly lower than the $1,500 price tag of the Motorola Razr that is driven by the outdated Snapdragon 710 chipset, while the Galaxy Z Flip is expected to feature the Snapdragon 855 mobile platform, South Korean news portal inews24 reported recently.

Recently, the device made its way to China’s 3C certification database, revealing it is coming with a 15W charger in the box. The device from this certification bears the SM-F700 model number which matches previous certification exploits.

It may feature a 6.7-inch tall aspect ratio display that can be folded and unfolded vertically. The phone is expected to feature a dual-camera setup on the outside and a 10MP selfie camera.

Samsung
Samsung is expected to launch another foldable smartphone Galaxy Z Flip on February 11 at an event in San Francisco and now a new report claim that the device will be priced between $860 and $1,295. Wikimedia commons

The device will be able to record 8K video, and a 5G version will be released in South Korea. Ice Universe had also earlier claimed that the upcoming fold may have an “ultra-thin glass display” instead of plastic.

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The South Korean tech giant had also applied for trademarks in Europe for the Samsung Ultra Thin Glass or UTG and according to sources, this will be the material used for its next foldable. (IANS)