POLL-US natgas prices seen spiking 25 pct in 2008
NEW YORK, April 10 (Reuters) - A cold winter in the United States this year and sagging imports of liquefied natural gas have prompted industry analysts to predict near record high gas prices in 2008, according to a Reuters poll released on Thursday.
"It was a cold winter, oil prices have been high and LNG imports have been low. Put it all together, and it's had an impact (on prices)," said Stephen Smith of Stephen Smith Energy Associates, a Mississippi-based consulting firm.
The Reuters poll of 25 industry experts showed estimates for spot prices in 2008 at Henry Hub, the benchmark U.S. supply point in Louisiana, averaged $8.69 per mmBtu, a 25 percent gain from a $6.95 average last year and just below the all-time yearly average high of $8.81 set in 2005.
Price expectations this quarter for 2008 were much higher than those received last quarter, when analysts estimated a $7.30 average. (Reporting by Joe Silha; Editing by Marguerita Choy)
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