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17.06.202514:43:17UTC+00US Natgas Prices Climb Toward 3-Month High

U.S. natural gas futures have risen to $3.87 per million British thermal units (MMBtu), marking the highest level in nearly three months. This uptick is driven by hotter-than-average July temperatures and an increase in LNG exports. Following maintenance at key LNG facilities such as Cameron, Sabine Pass, and Corpus Christi, exports are anticipated to rise in the coming weeks. In June, demand for LNG feedgas has averaged 14.1 billion cubic feet per day (bcfd), a slight decrease from 15.0 bcfd in May and April's record-high of 16.0 bcfd. Additionally, weather forecasts predict ongoing heat across the Lower 48 states through early July, which is expected to elevate gas consumption for air conditioning. On the supply front, production in the Lower 48 states edged up to 105.3 bcfd in June, with daily output reaching an eight-week peak of 106.4 bcfd on Monday.

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