European Gas Prices Are a Problem for US Energy Buyers. The Beacon, 10/04/2021

The Headline:   European gas prices continue to dominate the market, pulling American gas prices near 10-year highs                   

The Bottom Line:    Europe may be in for an expensive winter, and American natural gas prices are up on strong LNG exports to the much more expensive buyers.   European gas closed the week ~$30/mmbtu, and Liquified Natural Gas (LNG) exports are extremely strong.   This activity continues to pull US energy prices up beyond what the traditional fundamentals would support.   Talk to Lighthouse before taking any action – a mistake on a contract buying decision in this market will be painful.           

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