LNG

The US Government forecasts a rise in natural gas prices as a result of both higher winter demand and rising LNG exports while the Freeport LNG plant was seen ramping-up in the coming months to reach full capacity by March 2023 after going on stream later.

The US Government has reduced its previous benchmark Henry Hub price forecast my over $1 per million British thermal units while LNG exports are set to rise and American consumers will pay 45 percent more for their winter heating oil compared with last winter.