LNG market may see a GAS OPEC

LNG market may see a 'gas OPEC': Centrica's Ulrich

London (Platts)--29Mar2004

The gross of the liquified natural gas market could mirror that of the oil market and see the development of a "gas OPEC," Centrica Energy managing director Jake Ulrich said Monday. Speaking at a UBS conference in London, Ulrich said gas prices would be "fairly strong" for the next two to three years but would then weaken. Ulrich said the UK-Belgium gas interconnector had reinforced the oil-gas price linkage over the past few years, but this would not continue.