Broker: imports could further lower Colorado gas prices
GRAND JUNCTION, Colorado ” An increase in liquefied natural gas imports is one more challenge facing Colorado gas producers.
Gas broker John Harpole of Mercator Energy says imports of liquefied natural gas are expected to rise 30 percent. He says that could cut the price of gas to a fourth of what it was a year ago.
Harpole spoke Saturday at Club 20’s spring meeting. Club 20 is a lobbying group for western Colorado counties and organizations.
Energy companies have reduced drilling in Colorado as prices have plunged and credit has tightened. Industry representatives also blame new state oil and gas regulations, which they fear will make getting permits more expensive and time-consuming.