US natural gas prices rise to 14 year highs as concerns tha | The Paradigm Shift Channel ⏳

US natural gas prices rise to 14 year highs as concerns that increasing domestic and European demand for the fuel will result in tighter US supplies ahead of the winter season. Texas' Freeport LNG is expected to roar back online in October, which will divert more available natural gas supply towards LNG exports, keeping balances tight for the winter season.

The US added only 18 billion cubic feet into its natural gas inventories for the week ending August 12. Heading into the fall and winter, this is a comparatively low injection rate. During the same week last year, the inventories gained 46 Bcf. U.S. supplies are still more than 10% below normal levels for this time of year.