UNG - LNG Exports Surge Above 11 BCF/Day To Set All-Time Highs: Here Is Why They're Here To Stay & What It Means For Natural Gas
- LNG exports jumped above 11 BCF/day on Friday per pipeline data, up 4 BCF/day from last year & establishing new all-time highs.
- LNG exports have recovered due to improved profitability pricing spreads between the US and Europe/Asia.
- The rise in LNG exports has offset the temporary recovery in production to maintain a bullish supply/demand imbalance.
- Consistently warmer-than-normal temperatures have masked the favorable fundamentals to keep prices week, for the time being.
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LNG Exports Surge Above 11 BCF/Day To Set All-Time Highs: Here Is Why They're Here To Stay & What It Means For Natural Gas