# Citi Doubles Natural Gas Forecast, Says Could Spike to $100 in Winter - Bloomberg

> Citi has doubled its natural gas price forecast and says prices could spike to as high as $100 per million British thermal units in a particularly cold winter. Japan-Korea marker LNG prices have jumped almost 50% so far this month to near $30 per mmBtu.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7931-citi-doubles-natural-gas-forecast-says-could-spike-to-100-in-winter-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A bank forecast of extreme winter gas prices signals potential for severe energy cost inflation, which raises fertilizer and processing costs for feed. Surging Asian LNG prices also pull U.S. export demand higher, supporting domestic gas prices.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-09-23/citi-isn-t-ruling-out-natural-gas-at-100-in-a-frigid-winter

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.