Post by
llerrad5 on Jul 10, 2022 4:05pm
NG price now and 2 years out
It is estimated that North America will in about 2 years time be paying 3 times what it is today for Nat Gas.
The reason:
It will be a world wide commodity much like oil.
Once the LNG new terminals around the world, including several in teh USA, come om stream, LNG will be shipped in adundance to Asia and Europe.
Europe is currently pays about 9 times what we are for NG.
Our price and Europes will consolidate into a global price, ours being higher and thiers lower to arrive at us paying about $12.00 / $15.00 and that will likely be a world wide price.
NG prices will change dramatically about Nov/ Dec. of 2022 when Freeport comes back on stream representing 15% to 20% of USA NG availabilty.
Then LNG exports will ramp up and mid term elections will be over.
Comment by
DeepValueOil88 on Jul 10, 2022 9:04pm
BiR PT raised to $26.50 from $24. FCF to significantly exceed 2022 expectations with 2H 2022 outperforming. Dawn, HH. AECO to go over $10.
Comment by
DeepValueOil88 on Jul 11, 2022 9:33pm
Singapore traders reporting natgas going vertical. Canada opening new markets for its natgas! Prices to equalize worldwide.