Where is U.S. natural gas going?

On Friday, gas closed at $6.

U.

U.

The latest EIA data shows that U.

EIA announced that in the week ending Sept.

Both demand and exports fell

Early last week, mild weather swept across the U.

The U.

With more liquefaction lines at Venture Global LNG's Calcasieu Pass export facility in Louisiana coming into operation (the Calcasieu Pass unit will begin trial operation in September, it will typically take 2 to 3 months to stabilize commercial output, and it is expected to be officially operational until early 2023), the liquefaction processing capacity in the United States is expected to increase by 790 million cubic feet per day, with very limited
growth 。 But the upcoming maintenance at the Cove Point LNG export facility in Maryland would cost 760 million cubic feet per day (about 5.

To make matters worse, NatGasWeather expects tropical storms in the Caribbean to affect demand
in the coming days.

Institutions are bearish on U.

Goldman Sachs analysts said it expects near-term measures to support LNG imports in Europe to rely on the redistribution
of existing supplies.

In the absence of a significant increase in export capacity, the rapid rise in U.

EIA and many other institutions predict that the spot price of Henry Hub natural gas in the United States will fall in the second half of 2022, falling to $6/million British fever, falling below $5 in the first quarter of 2023, and then at the price level
between $4 and $4.

Author: Zhao Jun, editorial board member of China Petroleum and Chemical Industry Magazine