![]() ![]() Futures trading currently has 20 prices at $4.57 and $4.37, respectively, and Goldman Sachs has estimated a mid-cycle price of $3.50. Gas producers are working with estimates of $2.95 to $3.13 per million BTUs for 20, based on an estimated Brent crude oil price of $90 per barrel. That said, economic risks related to a June explosion at the Quintana, Texas, Freeport LNG export terminal and to future supply growth that is “likely to be met with very limited growth in US LNG exports.” The Freeport terminal may not return to service until September due to public safety concerns. natural gas stocks due to the high demand for LNG and the gas producers’ more disciplined approach to meeting that demand. In a new research note from Umang Choudhary and his analyst team, Goldman Sachs remains bullish on U.S. liquefied natural gas (LNG) is especially strong. Demand for natural gas is being driven by European demand for a replacement of Russian gas following the invasion of Ukraine. pricing point, jumped to more than $8.00 per million BTUs, still well below the July 2008 peak of $12.69. In May, natural gas prices at Henry Hub, the main U.S.
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