Monday, April 18, 2022

It Appears The U.S. Is About To Have Its Own Natural Gas Crisis

We are in the Spring shoulder season when gas in storage is ramped up to meet Summer cooling demand. But this year the U.S. is exporting to Europe as much gas as the LNG tankers can carry:

https://ir.eia.gov/ngs/ngs.gif

EIA April 14

Resulting in this:

 FinViz

7.5290 last, the highest Henry Hub price in 14 years.