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US natural gas production has risen more than 50% since 1997, pushing Henry Hub prices to their lowest levels since then. The IEA expects US share of global LNG exports to grow from 4% in 2017 to 20% by 2023.
IEA's director suggested gas could eventually be priced globally like oil.
Abundant, cheap US gas lowers energy and fertilizer input costs for US feed producers and processors. Growing LNG exports could eventually link US gas prices to global markets.
axios.comAmy Harder, Chris CanipeJun 27, 2018Not 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.
