Cheap Natural Gas Is A Thing Of The Past ...Middle East

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Cheap Natural Gas Is A Thing Of The Past
source : OILPRICE ( Middle East ) () 16
The era of cheap natural gas might be gone for good.  U.S. natural gas futures climbed to a 31-month high of 4.16/MMBtu on Thursday thanks to forecasts for hotter weather over the next two weeks and soaring global gas prices ensuring that U.S. liquefied natural gas (LNG) exports will remain at record highs. Refinitiv has projected that average gas demand, including exports, will climb from 90.9 bcfd in the current week to 94.5 bcfd next week as cooling demand keeps rising. Next week's forecast is actually lower than anticipated because some…

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