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Surging supply has pushed US natural gas prices to multi-decade lows this year, benefiting consumers and LNG firms. Analysts at the Gastech conference expect prices to be significantly higher in 2025 as new LNG export projects add demand.
Henry Hub was around $2.33/mmBtu, below the roughly $3 level producers need.
Cheap US gas supports industrial and energy-linked costs now, while forecast LNG-driven demand growth points to higher gas prices later, which affects energy and fertilizer input costs.
reuters.comScott DisavinoSep 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
