
April Nymex natural gas (NGJ26) on Thursday closed up +0.101 (+3.30%).
Nat-gas prices settled sharply higher on Thursday, garnering carryover support from a surge in European nat-gas prices to a 3-year high. European natural gas prices surged on Thursday after Qatar reported "extensive damage" at the world's largest natural gas export plant at Ras Laffan Industrial City. Reuters reported that Iran's strikes damaged 17% of Ras Laffan's LNG export capacity, a damage that will take three to five years to repair. Reduced exports from Middle Eastern nat-gas suppliers could boost demand for US nat-gas supplies.