Natural gas prices are on the rise due to scorching summer heat and predictions of a hot season ahead. Prices have surged by 93.8% since April, with spot prices increasing significantly. Egypt is seeking LNG cargoes to address energy demands amidst extreme heat.
Robust demand and supply disruptions are setting the stage for more LNG price spikes this summer ⚠️ 🇪🇬 Egypt flipped from an LNG exporter to an importer 🇺🇸 An active hurricane season risks disruptions to US plants 🇪🇺 More LNG is going to Asia over Europe https://t.co/hhRXvmFvIy
#Egypt Taps Market for LNG to Ease Impact of Extreme Summer Heat EGAS is seeking at least 17 LNG cargoes for delivery in summer North African nation has already suffered rolling blackouts https://t.co/y6HHG2b3lH
"Robust demand and supply disruptions are setting the stage for much higher — and more volatile — natural gas prices this summer." https://t.co/ToqxLzeytC #energy #NaturalGas #shale #fintwit #oilandgas #Commodities #ONGT #natgas https://t.co/YY6QJ9hXrP
That's what scorching heat already in the summer, as well as predictions of a hot one in the next few months, will do to the price of #natgas. Since a recent low of $1.6140/Mcf on April 26,it's up 93.8% after today's 7.6% increase. https://t.co/DzbEI1c9qR
#Natgas spot prices over the last 30 days at select locations across the US https://t.co/FEGNnRdGjq
Nat gas https://t.co/dq47xSWvbS
#Natgas above $3 for the first time since January...of course winter gas is more expensive than summer gas $UNG +32% YoY https://t.co/2VgTTo8VBb
Press the translate button #Egypt #Oil #Gas https://t.co/i0mJQ91n3q