
Natural Gas Rises on Output Dip, Strong LNG Flows
Natural gas prices rose by 3.62% to $266 due to declining daily output, increasing LNG export flows, and forecasts for hotter-than-normal weather in the U.S. through late August. This heatwave is expected to increase air conditioning demand and gas consumption for power generation. Gas-fired power plants generate over 40% of the U.S.’ electricity, making the…