The liquified natural gas market started the trading week on a sour note, with November futures trading near $2.7/MMBtu as weather forecasts changed from cold to average temperatures. Still, the market has been in an upward trend since mid-September, reaching a 20-month high of $2.9/MMBtu on October 12 on the back of growing demand ahead of the upcoming winter season.
Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on October of 2020.
Natural gas is expected to trade at 2.70 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.27 in 12 months time.