Today we have a post about the spot price of LNG in Asia (JKM price) going nuts and closing at the highest price it has ever been at $34.47/MMBtu. Natgas traders in this country are taking notice. In fact, some traders are making what amounts to a gamble by buying NYMEX futures for March 2022 that projects the price to be $40/MMBtu! It’s a long shot to be sure, but the fact there are people laying down good money for such trades is noteworthy.
