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US Natgas Rallies to Recovery Losses from Last Week

NATGAS

US Henry Hub front month rallies with the expectation of higher heating demand due to cold weather resulting in rising gas fired generation and supported by a potential rise in LNG exports.

  • Front month traded as low as 2.399$/mmbtu but has now regained the losses seen late last week back up to 2.6$/mmbtu.
  • The partial return of Freeport LNG has supported a market recovery from a low of below 2$/mmbtu on 22 Feb.
    • US Natgas APR 23 up 6.5% at 2.59$/mmbtu

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