Experts expect natural gas to rise over next two years
By Brandi Cowen
Natural gas prices have been at record-lows for a while now, but almost three-quarters of respondents to an RBC Capital Markets and Economist Intelligence Unit survey expect those prices will start creeping up in the future.
Seventy-three per cent of respondents reported that they expect the price of natural gas to increase 10 per cent or more in the next five years. In the short-term, 87 per cent of respondents expect natural gas prices to stay the same or increase in the next two years.
“We are entering a paradigm shift in the way that businesses and national governments look at energy, particularly as it relates to underlying market drivers, business models, risks and economic impact stemming from the shale gas boom,” said Marc Harris, RBC Capital Markets’ co-head of global research.
The new report draws insight from 357 North American C-suite executives in a variety of industries; key experts and leading companies involved in the shale gas boom; and desk research based on the latest data, documents and reports from within the industry.