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US natural gas exceeded imports in three of the first five months of 2017, reversing a trend of net imports that lasted nearly sixty years. Exports have grown on shale output and rising demand in Mexico and eastern Canada.
US gas exports to Canada hit 3.21 bcf/d in March 2017, close to the 2012 record.
Rising export demand tightens the domestic balance and supports US natural gas prices, although the effect depends on how far shale output keeps pace.
oilprice.comGregory BrewAug 8, 2017After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% over 20.
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.
