Ngas prices getting a boost from cold thru April 10

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

Ngas prices getting a boost from cold thru April 10

Post by dan_s »

Watch the Saturday Summary here: https://www.weatherbell.com/premium/

If Joe's weather forecast is correct, US natural gas in storage will be ~400 Bcf below the 5-year average on April 15th. As I point out in the podcast, if LNG exports stay near our export capacity, it will be extremely hard to refill ngas storage before the next winter arrives. I now think the deficit to the 5-year storage level will keep growing in Q2. If that happens thru June, we may see $8.00 ngas prices in Q3.
Dan Steffens
Energy Prospectus Group
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