The liquified natural gas market started the first trading week of February on a high note, with front-month futures climbing to near $2.7/MMBtu, as colder temperatures across the US boosted demand for the heating gas. Investors now await Thursday’s EIA storage report for a clear picture on the supply/demand balance.
Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on February of 2021.
Natural gas is expected to trade at 2.58 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.17 in 12 months time.