LNG

US natural gas supplies plunged and prices soared to almost $23 per million British thermal units at several Citygates as extreme cold froze some wells while heating demand soared for gas-fired power and the severe climatic conditions also curbed wind power availability.

Williams Companies, a leading US natural gas pipelines operator, reported strong third-quarter results and a 10 percent increase in net profits as projects progressed including the provision of feed-gas to Gulf Coast LNG export plants.