LNG

Feb 9 (LNGJ) - US natural gas production should remain elevated and prices will be low on the back of growing shale output adding 2.7 billion cubic feet per day in 2015 compared with the previous year, US investment bank Morgan Stanley said in its latest commodities review. Northeast supply basins, namely the Utica and Marcellus shale, should grow a combined 3.0 Bcf/d as the region's infrastructure continues to expand, opening up new markets and supply routes. Over the next year US natural gas demand will be supported by coal retirements, industrial growth, exports to Mexico and Gulf Coast LNG exports, but these won't be enough to balance the market, the bank said.