中国石化新闻网讯 据油价网2月15日消息称，一些今年没有对冲产量的美国天然气生产商不得不以低于盈亏平衡的价格出售天然气。
天然气价格在过去六个月里下跌了逾三倍，目前每百万英热单位不到2.5美元，而且短期内不可能出现逆转，供应即将收紧。
在本周早些时候发表的一篇文章中，路透社(Reuters)援引业内人士和分析师的话警告称，天然气价格从去年8月的每百万英热单位逾9美元跌至昨日收盘时的2.405美元，将影响企业第一季度收益和前景。这也将影响他们的钻探计划，因为他们大多没有作出对冲未来产量的应对。
套期保值是油气公司常用的一种锁定未来供应价格的手段。然而，它有时会因为错过更高价格的风险而失效。这很可能就是美国天然气的情况。
曹海斌 摘译自 油价网
原文如下：
U.S. Gas Drillers Are about To Start Cutting Output
Some U.S. natural gas producers that didn't hedge their output this year are having to sell their gas at prices that are below their breakeven price. At less than $2.50 per million British thermal units, natural gas prices have fallen more than threefold over the last six months with no immediate prospect of a reversal. And supply is about to tighten.
In an article published earlier this week, Reuters cited industry insiders and analysts as warning that the gas price drop from more than $9 per mmBtu in August last year to $2.405 at the close of trade yesterday will affect companies' first-quarter earnings and outlook. It will also affect their drilling plans. Because most of them didn't hedge future output.
Hedging is often popular with oil and gas companies as a means of locking in a certain price for future supply. However, it sometimes falls out of favor because of the risk of missing out on even higher prices. This might well be what happened with U.S. gas.