Natural Gas Prices - April 13

[dan_s]

From Trading Economics 4-13-2022

US natural gas futures rose more than 3% to $7 per million British thermal units on Wednesday, a fresh 13-year high, amid lower output and as global demand for US LNG remains elevated.
> The output declines are mostly related to operational issues on some pipelines and seasonal maintenance in the New Mexico portion of the Permian Basin as well as the Northeast Appalachian region.
> The weather forecasts point to moderate temperatures in the next three days and a comeback of chilly weather this weekend and next week.
> Strong demand from overseas due to the energy crunch exuberated by the war in Ukraine has left inventories well below average for the time of year despite a mild winter. < They keep saying it was a "mild winter". It was actually a slightly colder winter and La Nina winters extend into April for North America.
> Even before the war in Ukraine started, the US LNG exports rose 13% in the three months to January compared with the same period a year earlier, while gas production was up by less than 5%. < This is what happens when our government blocks every new pipeline.