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U.S. Natural Gas Prices Hit $9 For The First Time Since 2008

May 25, 2022 by

U.S. natural gas prices have surged by more than 130% since the beginning of the year, due to strong demand for LNG, especially in Europe, which is scrambling to replace as much Russian gas as soon as possible. In addition, early heat waves in the U.S. at the start of May boosted demand for air conditioning and power generation, while supply growth is struggling to catch up with demand.

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