Please note that this article is based on the "Futures" price, not the monthly "Settlement" price.  I'll post the settlement price at the end of the month.  Regardless, it's a pretty amazing run for natural gas prices especially as demand season is ending.

U.S. Natural Gas Closes at 13-Year High With Inventories Falling

Sergio Chapa Mon, April 11, 2022 yahoo.com 

(Bloomberg) -- U.S. natural gas futures closed at the highest level in more than 13 years, reaching prices not seen since before the shale revolution unlocked the nation’s vast reserves of the fuel.

Gas in New York settled up 5.8% Monday, with colder-than-usual Spring weather across the northern U.S. expected to divert fuel from storage -- just when inventories are supposed to be refilling. That’s getting traders worried there won’t be enough gas in storage when next winter comes around.

Prices for the heating and power-plant fuel have soared as robust domestic and overseas demand test U.S. drillers’ ability to expand supplies. Inventories held in underground caverns and aquifers are at their lowest since 2019 on a seasonal basis while exports are at capacity.

Futures closed at $6.62 per million British thermal unit, the highest level since November 2008.

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You say demand season is ending, but we have to run the air conditioners now!

Yep, but that doesn't equal the heating demand in the winter months.  Now with where our climate is heading, that may change.  This is also called "shoulder season" which defines the lull between withdrawals from storage and the beginning of "injection" season when that gas is replaced.

I wonder why Qatar hasn't been making money hand over fist on this?

They are however much of their export capacity is in the form of long term contracts to Asian buyers so they may be stuck with somewhat lower prices than currently exist in other world markets.  They're at max capacity now.

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