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New Gas Production Insufficient to Offset Gulf Supply Loss, Says Oxley

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An increase in new gas production, consistently coming online, has been a significant factor in preventing gas price rises from matching those seen in 2002, according to Oxley.

According to Oxley, an increase in new gas production, which is consistently coming online, has been a significant factor in preventing gas price rises from matching those seen in 2002.

However, in the near term, this new production is insufficient to compensate for the loss of supplies from the Gulf.