U.S. Natural Gas Prices Stay Calm Despite Global LNG Crisis

While Europe and Asia are reeling from the highest natural gas prices in three years following the closure of 20% of global LNG flows amid the Middle East war, the United States remains relatively insulated from the biggest price shock since the 2022-2023 energy crisis. U.S. natural gas futures have remained in the $3.10-$3.40 per million British thermal units (MMBtu) range since the war began and forced Qatar, the world’s second-largest LNG exporter, to shut in production at Ras Laffan, the world’s biggest liquefaction complex.…