After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are becoming an influential force in shaping the structure of many contracts on the global LNG market. The price at Henry Hub in the United States will give increasingly important price signals to the regional LNG and natural gas prices in Asia and Europe due to the sheer scale of rising U.S. LNG exports and the growing share of American LNG in the imports of buyers in Europe and Asia. The U.
natural gas prices have remained relatively low – except for brief spikes during output constraints in winter freezes – despite the continued growth of U.S. LNG exports. The key reason for this has been the flexibility of U.S. natural gas producers that could act and have acted, in response to market demand and conditions. For example, earlier this year, producers slashed output in response to multi-year low prices.
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Source: OilandEnergy - 🏆 34. / 68 Read more »
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