NEW YORK, NY — (Marketwire) — 10/07/11 — Presently, Natural Gas prices are close to an 11-month low as moderate autumn weather across most parts of the US was expected to limit demand for the fuel. New drilling techniques have resulted in an oversupply of Natural Gas, which has kept prices down since the recession. In the long term, the natural gas market appears poised for growth, however. Demand is robust in China and India, and new LNG liquefaction plants and export facilities are expected to allow North American producers access to energy hungry emerging markets. The Bedford Report examines investing opportunities in natural gas and provides stock research on Clean Energy Fuels Corporation (NASDAQ: CLNE) and Westport Innovations Inc. (NASDAQ: WPRT) (TSX: WPT). Access to the full company reports can be found at:
According to a report by energy research publisher SBI Energy, Shale Gas production in the US increased at an annual rate of 48% from 2006-2010, reaching 4.8Tcf and representing 23 percent of the total US natural gas production. With clean energy still a top priority, Americans have begun heralding shale gas as a cheap and clean transitional fuel to renewable energy. President Obama himself has said natural gas has “enormous” potential as a clean energy alternative to oil.
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Reports from Bloomberg find that Liquefied Natural Gas prices are surging to a three-year high as demand from Japan, China and India outpaces supply increases, boosting sales for producers. Liquefied gas costs surged about 33 percent after Japan–s March 11 earthquake and tsunami caused reactor meltdowns at Tokyo Electric Power Co.–s Fukushima plant, and have since climbed toward $16 per million Btu, according to Mark Greenwood, an analyst at Citigroup.
Westport Innovations Inc. is a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and biofuels such as landfill gas.
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