February 28, 2024 Market Update

NYMEX Natural Gas Futures Contract  With the rollover to March Settlement, we are not looking for Winter 2024 futures anymore. We will only be looking for the Summer 2024 strip which is from April – October 2024. 

Based on an external report, we are expecting Liquid Natural Gas (LNG) to grow by a large amount in the next couple of years. USA is one of the top exports of LNG while China and Japan are both the top importers. LNG prices have increased because of the loss of supply especially in Russia which will mean LNG will continue growing by a fast rate in the future. 

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