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GAZ - Natural Gas: Here Are The Reasons Why November Contracts Have Remained So Strong
Barclays Bank PLC iPath Series B Bloomberg Natural Gas Subindex Total Return ETN
Welcome to the reasons edition of Natural Gas Daily!
The natural gas market, as we wrote yesterday, continues to be in a tug-of-war type of situation. The best performing contract has been the November contract, and there are a host of reasons why this has been the case.
For starters, October is expected to be the last shoulder month, and LNG exports are set to rise back to 8 to 9 Bcf/d.
As you can see from the chart above, this will propel us to a y-o-y gain in LNG export.