NYMEX Natural Gas Futures Contract Settle: +US$0.1444/MMBtu at $2.519. High: $2.55. Low: $2.415 Range: $0.142
Market Fundamentals Prices rose as the marketss opened today on news the Freeport LNG facility will start operations drawing excess gas supply for export purposes to be staged in over the next few months. Recent months have proven to be the most bearish we have seen in some time. LNG continues to become fast and furious over the next few years as new terminal start production while producers are conserving cash and reduce drilling. We could see a boomerang in price as we look into 2024. (RS)