Natural Gas Is Down and Will Stay Down This Summer ...Middle East

OILPRICE - Economy
Natural Gas Is Down and Will Stay Down This Summer
source : OILPRICE ( Middle East ) () 49
This time last year, natural gas prices in Europe were shooting for the sky, and gas prices in the U.S. were beginning the climb that would bring them to $9 per million British thermal units later in the summer. The price surge was caused by the drop in Russian gas flows to Europe and the latter's turn to U.S. LNG for its winter storage. Europe is still buying a lot of LNG from the United States this year as well. But prices are much lower than they were last year. And they're likely to remain low. The first reason for the price drop was the decline…

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