Is $5.00/mmbtu a Bargain?
September 27, 2021
A few months ago, any consideration that natural gas at $5.00/mmbtu in North America was a bargain would have raised eyebrows. Today that is exactly the case. In fact, global markets are 5X that mark. Reuters reports that LNG buyers are requesting bigger cargoes. Bloomberg reports that analysts at Citi have a scenario where gas hits $100/mmbtu globally if a cold winter meets supply disruptions.