LNG

Sept 5 (LNGJ) - Texas natural gas output, some of which will soon form feed-gas for LNG exports, was almost 634.4 billion cubic feet in July a year-over-year decline of 6.3 percent.  Natural gas prices averaged $3.63 per thousand cubic feet, about 33.7 percent more than in July 2012.  Higher wellhead prices more than offset the production decline to boost the value of Texas-produced gas to more than $2.3 billion, 25.3 percent more than in July 2012. These figures were provided by Karr Ingham, the economist who created the Texas Petro Index.