A joint study by Arthur Andersen & Co. and Cambridge Energy Research Associates (CERA) cites this winter's dramatic spike in natural gas prices as evidence of a growing need for selective new investment in gas transmission and storage infrastructure. Natural Gas Trends, 1996 identifies three underlying trends:
s Surging demand is creating new bottlenecks.
s Technology is improving the competitive position of gas.
s Natural gas and electric power markets are becoming increasingly integrated.