US natural gas prices fall despite high stockpiles
US natural gas storage rose by 120 Bcf, exceeding forecasts and pushing prices down. Total storage hit 2,375 Bcf, 12.3 per cent below last year. Despite mild demand, LNG exports remain strong with 27 vessels departing. New LNG projects are set to boost exports by 22 per cent in 2025 and 10 per cent in 2026, though near-term sentiment stays bearish.
US natural gas storage rose by 120 Bcf, exceeding forecasts and pushing prices down.
Total storage hit 2,375 Bcf, 12.3 per cent below last year.
Despite mild demand, LNG exports remain strong with 27 vessels departing.
New LNG projects are set to boost exports by 22 per cent in 2025 and 10 per cent in 2026, though near-term sentiment stays bearish.
