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Bruce Jefferson

What's Next For Nat Gas? Citi Sees Chance For 'Higher Peaks'

Natural gas prices slumped to their lowest level in months Thursday, but Citi analyst Edward Morse believes liquid natural gas could be headed higher in the short term. In a new research note, Morse said LNG prices have already begin their seasonal march higher, rising to nearly $9/MMBtu. According to Morse, LNG price could grind to as high as $13/MMBtu during the winter.

“Although new liquefaction facilities are coming online this winter, the full impact of this new supply may be deferred to the spring,” Morse wrote.

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