ENN Energy Holdings, one of China’s largest natural gas distributors, is not ruling out the possibility that natural gas prices could follow last month’s WTI Crude move and flip to negative because of insufficient storage. “For natural gas, I have heard about the possibility of negative prices. I also think it could happen,” Wang Yusuo, chairman at ENN Energy Holdings, said at the company’s online shareholders’ meeting on Wednesday, as carried by Bloomberg . “That’s because natural gas has even more limited storage capacity and its production is also more rigid. So it may happen. But I don’t think it will be a dominant or long-lasting scenario,” Wang added. The manager, however, did not specify which natural gas benchmark in which region could turn negative. Such a move in natural gas prices would not be something totally unheard of, especially after last month’s plunge of the WTI Crude front-month […]