Natural Gas Prices Rise to Over Three Week High on Export Demand

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LNG Export Anchor

Feedgas flows to US LNG terminals reached 18.8 Bcf/d in April, exceeding previous records. This structural export demand is providing a firm floor for domestic prices despite relatively mild spring weather.

Production and Storage

Production has weakened further, falling to a 12-week low as producers curtail output. This is helping to rebalance the storage overhang created by the previous warm winter season.