Europe’s Unquenchable Natural Gas Thirst Is Sending Prices Soaring ...Middle East

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Europe’s Unquenchable Natural Gas Thirst Is Sending Prices Soaring
The Henry Hub gas benchmark hit the highest in 14 years on Friday. If this was oil, everyone would be yelling about it. But gas has yet to garner the sort of attention oil receives on a regular basis. Maybe it will soon. Natural gas prices in the United States are breaking record after record without losing momentum as factors serving to push them higher remain active and multiply. The surge in liquefied natural gas exports to Europe is one big reason, and rising demand as the weather becomes hotter is another. Meanwhile, drought has joined the…

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