- Natural gas prices have steadily increased since April, reaching a seven-year high of $4.91 per million British Thermal Unit (MMBtu) on September 8.
- With prices improving, expectations for natural gas production are also moving higher. As volume-driven businesses, the expected recovery in natural gas production bodes well for midstream, which plays a critical role in the natural gas value chain.
- While the near-term improvement in natural gas fundamentals is positive, the constructive long-term outlook for production and demand in the US and expectations for global demand growth also bode well for midstream in the coming years.
For further details see:
Natural Gas: Short- And Long-Term Benefits For Midstream