Nat Gas prices going forwardA very hot US summer starting in July, a hyperactive US hurricane season in the Gulf of Mexico, an increase in LNG export capacity in the US by the 4th quarter of +25% and an early start to the US winter season has the makings for a spirited rally for Natural Gas prices in 2024 after an extended basing period.
End users need to be locking in Nat gas and derivative supplies now as prices have corrected back to breakout support as prices are likely to bottom by mid-June and make new rally highs thereafter.