US Natural Gas Futures Jump Alongside Global Gas, Oil Prices

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US natural gas futures rose as much as 7.4% in sympathy with global gas prices, which have surged in response to renewed conflict in the Middle East and Qatar shutting liquefied natural gas production at the world’s largest LNG plant.However, the widening spread between US and overseas gas prices does not provide much of an opportunity for arbitrage by US exporters in the near-term, given US LNG export terminals are already producing supplies near maximum capacity, meaning cheap shale gas will remain stuck in the US even as overseas prices surge.