Explainer: Why US Natural Gas Prices Have Soared

There are four things to take into consideration.

Shale gas plant
  1. Natural gas exports are growing rapidly.
  2. The LNG market is being influenced by soaring prices in Europe.
  3. Strong natural gas demand has pulled natural gas inventories to a relatively low level.
  4. Fear often causes the oil and gas markets to overshoot.
Robert Rapier | Editor, OilPrice.com | October 3, 2022 Full story

“The primary reason natural gas was at $2/MMBtu two years ago is that the 2019-2020 winter was one of the warmest on record. That meant that we exited the winter with natural gas storage levels at the top of the five-year average range.”

Why Have U.S. Natural Gas Prices Soared Since 2020? | Robert Rapier | October 3, 2022
In another October 3, 2022 story, “Europe faces ‘unprecedented risk’ of gas shortage, IEA says”, we learn:

“The EU has already filled storage to 88%, ahead of its goal of 80% before winter. The IEA assumed 90% would be needed in its Russian cutoff scenario. Gas storage must remain above 33% for a secure winter. High prices for gas are feeding through to record consumer inflation of 10%.”

David McHugh | AP | October 3, 2022 Full story

BLOGS: LNG EXPORT OUTAGE HELPING US PRICES

PENNSYLVANIA: PENN LNG EXPORT TERMINAL PROPOSAL

BOTTOM OF THE LNG CHAIN – INDEPENDENCE FROM MEANINGFUL TAXES

BIDEN ADMINISTRATION DENIES CHENIERE’S REQUEST TO SIDESTEP LNG POLLUTION RULE

PENNSYLVANIA MAN WHOSE LIFE WAS DESTROYED BY FRACKING URGES IRISH GOVERNMENT TO BLOCK SHANNON LNG

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