NYMEX NatGas Price Breaks $3/Mcf Thanks to LNG Shipments

The price of natural gas trading at the Henry Hub terminal in southern Louisiana, the national benchmark price used for NYMEX futures contracts, has been on a rocket ship ride up over the past two days. Two days ago the price added $0.12 in a single day (see Louisiana LNG Begins Moving Again, Forecast Colder, Gas Price Jumps). Yesterday the price added *another* $0.11, passing the $3/Mcf mark for the first time in over a year.

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