Analysis: Global Natgas Price Surge Looms for US This Winter

The U.S. market is worried about the coming cold, particularly in New England and California—where prices for gas to be delivered this winter are far above the nationwide benchmark.

Scott DiSavino, Reuters

Regional natural gas markets in the U.S. are seeing prices for this winter surge along with global record highs—suggesting that the energy bills causing headaches in Europe and Asia will hit the world's top gas producer before long.

Gas prices in Europe and Asia have more than tripled this year, causing manufacturers to curtail activity from Spain to Britain and sparking power crises in China.

The United States has been shielded from that global crunch because it has plenty of gas supply, most of which stays in the country since U.S. export capacity is still relatively small.

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