Natgas is gaining more than 6% today and is again the highest since 2008
Natgas prices are gaining again amid slowing US production growth and insufficient infrastructure to increase gas production and availability to US consumers. The key shale gas production regions in the US, namely Permian and Appalachia, indicate that they have reached the transmission limit on gas pipelines in the US. In addition, we have a lot of uncertainty regarding gas supplies from Russia to European countries that have not decided to pay in rubles. Italy points out that it does not want to pay in rubles, but it would be disastrous for the economy to cut off gas supplies from Russia before filling its storage facilities.
Natgas is up 85% since the start of the Russia’s invasion in Ukraine. Source: xStation5