Natural-gas futures hit a 22-month high in October which ushers in the start of a “multiyear bull market,” as analysts at Seaport Global Securities see it. The US Energy Information Administration (EIA) raised its 2017 forecast on spot natural gas by 7.1% – sparking concerns that US LNG will lose some of its attractiveness for oversea buyers, given that basis prices for cargoes shipped from Sabine Pass are formulated on the Henry Hub plus a 15% premium.
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