LNG

Nov 10 (LNGJ) - Natural gas output in Texas, which will be a key supplier of the LNG export industry, was almost 680.2 billion cubic feet in September, a meager year-over-year monthly increase of about 0.3 percent. With natural gas prices in September averaging $3.92 per thousand feet, the value of Texas-produced gas increased 13.3 percent to about $2.66 billion. The figures were overshadowed by declining crude oil prices. "Clearly the decline of oil prices suggests the current expansion of oil and gas drilling and development activity that began in January 2010 might be about to come to an end," said Karr Ingham, the economist who created the Texas Petro Index and maintains it monthly.