US natgas prices up 2% as warmer forecasts boost power demand
U.S. natural gas futures climbed about 2% on Friday on forecasts for warmer-than-normal weather in early October that will likely force power generators to burn more gas to keep air conditioners humming. Prices were also up with exports to Mexico on track to hit a record high in September and as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants rises as Cheniere Energy’s LNG.A Sabine Pass plant in Louisiana pulls in more fuel. Capping those gas price gains were expectations that a tropical storm could ...
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