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Fitch has raised its 2013 U.S. natural gas price deck to $3.75/thousand cubic feet (mcf), while holding long-term prices unchanged at $4.50/mcf. This reflects a moderate improvement in prompt natural gas market conditions caused by the combination of increased demand and a leveling of gas production. Fitch notes that forward prices remain weak due to the oversupply from shale gas production and a lack of visibility on major new sources of demand until 2016-2018.
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