Natural Gas News – March 2, 2023

Natural Gas News – March 2, 2023

EU Energy Crisis May Lead To $100 Billion In New U.S. LNG

Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s top LNG exporter this year after Freeport LNG resumes operations in the spring, energy consultancy Wood Mackenzie said in a recent report. U.S. LNG exports could reach 89 million metric tons per annum (mmtpa) in 2023, according to WoodMac. “However, it won’t stop there,” the consultancy said, noting that U.S. capacity could jump by the end of this decade, potentially doubling American LNG exports. The energy crisis and the need for energy security—especially among European buyers after the Russian invasion of Ukraine… For more info go to

US NatGas Futures Rise 2% To One-Month High Again 

U.S. natural gas futures hit a one-month high on Monday on forecasts for colder weather next week and a rise in LNG exports. Natural Gas futures had risen by 6.48% as of 3:40 p.m. ET on Monday to $2.710, as U.S> LNG exports reached 12.8 bcf/d so far this month, up from 12.3 bcf/d last month. The monthly record for U.S. LNG exports was reached in March 2022, when the United States exported 12.9
bcf/d. NGc1 for April delivery rose 13.4 cents U.S. natural gas futures rose about 2% to a fresh one-month high on Wednesday on afternoon forecasts calling for colder weather and higher heating demand next week than previously expected. That price rise also came with a monthly drop in gas output in February and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants to… For more info go to


Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote