Bad News For U.S. Producers As Natural Gas Prices Plunge ...Middle East

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1. US Gas Producers Face Difficult Decisions as Prices Drop- For the first time since September 2020, Henry Hub natural gas futures plunged below $2 per mmBtu this week before bouncing back to a more palatable level of $2.4/mmBtu. - The combination of a relatively mild winter in key US consumption hubs and excess domestic volumes on the back of the Freeport LNG outage depressed gas futures that only six months ago were trading above $10/mmBtu. - US shale gas producer Chesapeake Energy was one of the first to claim they would be reducing their active…

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