Europe's high NG $ copies to NA Europian Natgas-> higher US prices
LNG is maxed out, so how can high natgas in Europe -> higher US prices?
Products! For example, fertilizer. They are closing plants in Europe because of the high prices. But here in the US:
......................Chemical (All)........................Chemical (Fertilizer)*............................Refining*..........................................LNG Frac*..................
..........2017..2018..2019..2020..2021....2017..2018..2019..2020..2021....2017..2018..2019..2020..2021.......2017....2018....2019....2020....2021
.........====..====..====..====..====....====..====..====..====..====.....====..====..====..====..====.....=====..=====..=====..=====..=====
01..... .611.. .719.. .723.. .687.. .715.... .307.. .331.. .350.. .298.. .356..... .394.. .453.. .606.. .609.. .665..... .0589.. .0513.. .0514.. .0379.. .0271.
02..... .640.. .726.. .698.. .689.. .575.... .313.. .337.. .327.. .303.. .323..... .371.. .472.. .607.. .588.. .610..... .0514.. .0507.. .0462.. .0373.. .0195.
03..... .635.. .704.. .683.. .681.. .643.... .301.. .345.. .327.. .310.. .334..... .370.. .457.. .609.. .579.. .603..... .0481.. .0511.. .0496.. .0389.. .0243.
04..... .634.. .707.. .701.. .695.. .718.... .308.. .348.. .328.. .331.. .350..... .382.. .445.. .617.. .575.. .539..... .0510.. .0478.. .0465.. .0497.. .0213.
05..... .628.. .692.. .675.. .663.. .627.... .301.. .341.. .323.. .326.. .329..... .386.. .425.. .595.. .587.. .513..... .0473.. .0498.. .0388.. .0467.. .0216.
06..... .570.. .660.. .621.. .598.. .651.... .277.. .322.. .293.. .281.. .308..... .370.. .411.. .541.. .550.. .541..... .0520.. .0457.. .0493.. .0471.. .0220.
07..... .575.. .661.. .664.. .694.. .679.... .290.. .325.. .301.. .312.. .302..... .365.. .410.. .528.. .582.. .563..... .0532.. .0498.. .0418.. .0480.. .0253.
08..... .525.. .624.. .664.. .706.. .698.... .194.. .281.. .322.. .326.. .330..... .366.. .422.. .550.. .547.. .564..... .0530.. .0436.. .0389.. .0513.. .0234.
09..... .619.. .673.. .598.. .537.. .621.... .298.. .325.. .290.. .254.. .311..... .385.. .412.. .502.. .554.. .545..... .0575.. .0506.. .0430.. .0535.. .0350.
10..... .608.. .700.. .585.. .561.. .694i... .251.. .328.. .283.. .255.. .323i.... .406.. .404.. .541.. .574.. .570i..... .0566.. .0526.. .0383.. .0438.. .0253i
11..... .700.. .733.. .667.. .719.. ........... .323.. .348.. .340.. .355.. ............ .419.. .489.. .619.. .626.. ............ .0543.. .0425.. .0530.. .0452.. ..........
12..... .750.. .730.. .713.. .741.. ........... .358.. .354.. .326.. .358.. ............ .444.. .506.. .602.. .651.. ............ .0515.. .0479.. .0400.. .0433.. ..........
Production is skyrocketing. The producers will make the product in the US and ship it to Europe. I don't know what other products this will apply, but clearly many products that require natgas will be made outside of Europe.