In the United States, gas prices have reached record indicators

In the United States, natural gas futures reach the highest levels in two years due to severe winter conditions. Trading economics reported it.

Due to the freezing of gas wells in major production regions, production has reduced, and the volumes of exporting natural gas (LNG) exports have been recorded even though the market situation is more complicated. As a result – in one week, prices rose 29%.

It has been noted that this climb is part of a long -term growth, which motivates gas prices at a technical level of resold and joins a sharp increase in the cost of shares of large gas companies.

Gas futures for delivery in March in the New York Modern Exchange grew 6.8%on February 19, closing at a level of $ 4.280 per million British Thermal Units (MMBTU), which is their highest closure since December 2022 . This is the seventh day in a row of growth, which has not been detected since July 2021.

The ratio of oil prices in gas prices has been strictly reduced due to the promotion of gas prices and reducing oil prices, which decreases to level 17 to 1, which is the lowest level from December 2022. History , oil prices in 2025, on average, were 20 times higher than gas prices compared to 33 times in 2024 and a five -lyar average between 2019 and 2023. The changes This indicates a change in dynamics in the energy market, making a natural gas a more competitive alternative oil in terms of price.

Reported, from the point of view of delivery, the production was partially discontinued in early February, with the amount of gas production in the lower 48 states of a medium -sized 105.0 billion cubic feet per day (BCF/D) , which is more than 102.7 BCF/D in January. However, due to Arctic colds covering major labor regions, the value of daily production over the last two weeks has been reduced by 6.7 BCF/D, reaching a four-week minimum of 100.1 Bcf/d. This sharp collapse emphasizes the weakness of gas production in extreme weather conditions, as freezing continues to influence the work of wells and pipe flow.

Despite the restrictions of these supplies, LNG exports have reached record levels, further worsening the situation in the domestic market. Gas streams for liquid natural gas plants in February average 15.4 BCF/D, more than 14.6 BCF/D in January, exceeding the previous monthly record 14.7 BCF/D, set in December 2023 . Exporting gas reached a maximum of 16.2 BCF/D in Tuesday, which exceeds the previous record of 16.0 Bcf/d, just set the day before. The rapid expansion of LNG capacities in the United States play a major role in supporting demand, in particular, the plaquemines LNG Plant Venture Global in the Louisian, which has increased production to new maximum – 1.6 BCF/D.

Cold temperatures will prevail in most US states until February 22, which will maintain high demand for warming before the temperature will return to standards in time in late February and early part of March. When the temperature decreases, gas demand, including exporting, is expected to be reduced from 146.8 BCF/D this week to 129.2 BCF/D next week.

In addition, unplanned disruptions in the work of the key things of LNG have added uncertainty to the market. The Cameron lng export plant in the Louisian experiences a significant decrease in gas flows for processing, lowering a two -month minimum of 1.6 BCF/D19 in February, compared to 2.4 BCF/D of the previous day.

Remember that in Europe, natural gas prices are maintained at the lowest level after three weeks against the background of softening moods after a difficult start of 2025. TTF hubs in the Netherlands fell to 50.6 Euro per Megavatt-Hour (about 560 dollars per thousand cubic meters).

Earlier it was reported that the European Commission was considering the possibility of temporarily limiting gas prices after their record increase.