McClendon cites pressure on natural gas storage.
Aubrey McClendon, CEO of Chesapeake Energy Corp., said natural gas
storage would hit capacity this year, forcing producers to shut in
production. As storage fills "pipeline pressures are going to
increase and that is going to cause involuntary curtailment"
McClendon said during a conference call to discuss earnings. Natural gas
in U.S. storage for the week ended July 24 stood at 3.023 Tcf--23%
higher than last year and 19% above the five-year average, according to
the U.S. Energy Information Administration.