US Natural Gas Prices Plummet Amid Global Imbalance
US natural gas prices are currently trading at $2.70 per mmbtu, while European and Asian prices top $22 per mmbtu.
Between 2017 and 2023, shale growth significantly exceeded LNG export growth in the US, resulting in a domestic market surplus.
By the end of that winter, natural gas inventories had increased by nearly 8% above the 10-year average.