US Consumers Dodged a Bullet This Year

It seems most people don’t realize the magnitude of the price difference between the USA Natural Gas Market and the European Market.
https://bit.ly/3CdRbuJ

About 6 years ago the USA went from an LNG importer to an exporter.
The events of 2020 caused several LNG export projects to be cancelled.
https://reut.rs/3Eqal33

Then, early this year, one of the export terminals caught fire in Freeport.
https://prn.to/3Vc4Nz1

If Freeport was exporting its planned 2 billion cubic feet per day, the USA Natural Gas prices could be much higher.
Oddly enough, Natural Gas storage has not gone up as much as expected which is why I believe the prices here in the States are still much higher than in recent years.
https://ir.eia.gov/ngs/ngs.html
https://bit.ly/3MdqcUs

An extra cold winter this year and additional exports could drive the prices back up in the near future.

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