Natural Gas Rebounds to Four Dollars on Export Strength

LNG Export Floor

Demand for US LNG exports remains near record highs as Europe and Asia continue to pull cargoes. This export demand is effectively removing surplus gas from the domestic market, preventing prices from collapsing despite the lackluster heating demand from residential consumers.

Year-Over-Year Gains

Despite falling roughly 14% over the last month due to the warm start to winter, natural gas prices are still up over 14% compared to this time last year. This year-over-year strength reflects the tighter structural balance of the US market as it becomes a critical global supplier.