Nat Gas

Still no answers on why NG-HH spread is so out of whack Worries about a Biden win?LNG demand? Weather not much of a concern yet. below is yearly Nat Gas swaps for 2021, 22 and 23. 2021 the only one Trading above $3 ( H/T@brynneKKelly NGN) so short term bullish medium term sideways for the full yearprices.

China Demand for LNG staying strong from JPM “China continues to boost LNG imports: Offshore Energy reported on Thursday 24 September 2020 China, the world’s largest energy consumer, is continuing to post higher monthly LNG imports and reported a 16.3 percent year-on-year increase in August. LNG imports totaled 5.96 million tonnes last month, data from the General Administration of Customs showed. In the January-August period, the country imported 42.17 million tonnes of chilled fuel, a year-on-year rise of 10 percent.”

is it all LNG demand that is driving NG and HH prices likely a big part.A Biden win bad for nat gas due to tougher regulation on fracking is a thought,I Don’t believe A Biden win will be the end of fracking I think some tougher regulations will an cause an increase in the cost of production

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