Natural Gas Prices Drift Higher on LNG Export Strength and Storage Outlook

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LNG Export Anchor

Feedgas flows to US LNG terminals are at maximum capacity (17.0 Bcf/d). This structural demand is preventing natural gas from following the downward trajectory seen during previous mild spring seasons.

Storage Injection Outlook

While injections are occurring, they remain below the five-year average. Traders are wary of entering the summer cooling season with thinner-than-expected storage buffers given the global energy crisis.