Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rally with Global Gas Prices as Iran Attacks Curb Supplies

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.