Last December U.S. gas markets were throwing a party, but the international guests failed to arrive. The January Nymex natural gas futures contract set an all-time record for a prompt-month settle at $15.378, but still it wasn’t enough to entice liquefied natural gas (LNG) cargoes to the Gulf of Mexico.
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Counting on LNG? You’ll Need More Storage
Last December U.S. gas markets were throwing a party, but the international guests failed to arrive. The January Nymex natural gas futures contract set an all-time record for a prompt-month settle at $15.378, but still it wasn’t enough to entice liquefied natural gas (LNG) cargoes to the Gulf of Mexico.
March 2, 2006