Gas contracts in the United States are up 10% on expectations of a cooler climate

US natural gas futures rose more than 10% on Monday due to expectations of higher US exports of liquefied natural gas and cooler weather. An increase in heating demand over the next two weeks.

The jump in gas prices in the United States also came despite a slight decline in international gas prices and an increase in gas production in the United States.

But global gas futures are still trading at around 6 times US prices, which keeps demand for US LNG exports strong as utilities around the world rush to replenish stocks ahead of the winter heating season. and meet an existing electricity shortage that is causing outages. in China.

U.S. gas delivery contracts next month rose 54.5 cents, or 10.32%, to $ 5.825 per million British thermal units by 1555 GMT, heading towards their highest closing level since. October 14.

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