Imports of liquefied natural gas could further lower gas prices

An increase in imports of liquefied natural gas is still a challenge for Colorado gas producers. Gas broker John Harpole, President of Mercator Energy in Littleton, said liquefied natural gas imports have increased by 30 percent. He said that it could reduce the price of gas for a quarter of what was years ago.

Natural gas, which can be transported by ship rather than liquefied pipeline.

Harpole spoke Saturday at Grand Junction to the Spring meeting of the Club 20 lobbying group of western Colorado counties and organizations.
Western Colorado has been a hot spot in the country's natural gas boom and felt the effects of the reduction in drilling in the recession worsened.

Energy companies have reduced the drilling in Colorado and Wyoming, as prices plunged and credit tightened. There is a lack of pipeline in both countries in order to obtain the gas to markets.Read more >>