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US natgas flows to Freeport LNG in Texas seen at 16-week high, LSEG data shows

From boereport.com

Natural gas flowing to Freeport LNG’s export plant in Texas was on track to hit a 16-week high on Thursday, LSEG data showed, in what energy traders said was a sign it could return to full power soon. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export plants often has a major impact on global gas prices. U.S. gas futures at the Henry Hub benchmark in Louisiana have soared by around 38% over the past nine days due in part to the increase in feedgas from Freeport after it exited an outage in late April. U.S. gas futures were trading at a 14-week high of $2.23 per million British ... (full story)

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  • Category: Fundamental Analysis