Gas price is forced to stay low as pumping increases

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Source: Bloomberg
© Scanpix/FP
North America's gas producers hurt the biggest gas price rally in last 10 months, as more wells will be opened. Increasing rate of pumping pushed the U.S. to record gas supply in 2012, but forced the price to go down by 9.2% from the peak since 30th of October. With such increasing gas output, the U.S. should surpass Russia by 2015 as the producer providing fuel for power generation, heating and chemicals.
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