Natural Gas Spot Prices Gain on LNG Export Strength and Storage Outlook

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LNG Export Anchor

Feedgas flows to US LNG terminals are at maximum capacity (17.0 Bcf/d). This structural demand is preventing natural gas from following the downward trajectory seen during previous mild spring seasons.

Storage Injections

Natural gas inventories ended the season 3% above the five-year average. However, with limited new export capacity until 2027, the market is currently trapped in a narrow technical range.