Great news for our gassers - May 4

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dan_s
Posts: 34467
Joined: Fri Apr 23, 2010 8:22 am

Great news for our gassers - May 4

Post by dan_s »

Spot LNG prices jump.
Spot LNG prices in Asia rose earlier than expected ahead of a typical summer rally as buyers wanted to stock up over concerns about supply. Spot prices hit $8.85/MMBtu in the last week of April, the highest price since early January.

The only concern I have about my natural gas and NGL prices is that exports of U.S. gas will come in lower than expected. Doesn't appear that will happen now.
Dan Steffens
Energy Prospectus Group
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