Great news for our gassers - May 4
Posted: Tue May 04, 2021 2:32 pm
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.
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.