LNG

Oct 11 (LNGJ) - The US expects natural gas inventories to end October at the lowest levels for this time of year since 2005. “Natural gas storage inventories will total 3.3 trillion cubic feet at the end of October,” said the latest energy and winter fuel forecasts from the Energy Information Administration. “This level would be 14 percent lower than both the 2017 end-of-October level and the five-year (2013-2017) average for the end of October,” added the EIA. The report forecasts that Henry Hub natural gas spot prices would average $2.99 per million British thermal units in 2018 and $3.12 per MMBtu in 2019. Winter heating and energy prices will also rise. “US household expenditures for most major home-heating fuels will be higher this winter compared with last winter. Average increases vary by fuel and natural gas expenditures are forecast to rise by 5 percent,” said the EIA.