US natural gas futures rise as flows to LNG plants hit 8-month high
Friday, February 17, 2023
U.S. natural gas futures increased about 3% as the amount of the commodity flowing to liquified natural gas export plants rose to an eight-month high, according to Oil & Gas 360.
Four-month gas futures for March delivery rose 7.2 cents, a 2.9% increase, to $2.543 per million British thermal units Thursday morning.
The amount of gas diverted to LNG export plants was on track to hit 13.3 billion cubic feet per day on Thursday, reaching its highest levels since May 2022. The surge was driven by flows to Freeport LNG’s export plant in Texas as the facility prepares to exit an 8-month outage.
Learn more: Oil & Gas 360 > U.S. natgas rises 3% as gas flows to LNG plants hit 8-month high
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