By Purchasing Staff -- Purchasing, 10/16/2008 2:00:00 AM
Goldman sachs group cut its U.S. natural gas price forecast for the Northern Hemisphere winter by 23% because of higher-than-expected output and lower demand from power plants. "The strong U.S. natural gas supply growth suggests that incremental LNG imports into the U.S. will no longer be necessary for U.S. inventories to reach comfortable levels," says the New York-based brokerage.
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