Back in July, natural gas prices, already on the up, were headed higher. Now, prices are soaring around the world.

In the U.K. and continental Europe prices have hit new all-time highs, driving up household bills and sparking warnings that some industries may need to ration gas use if there is a very cold winter. In Asia, importers are paying some of the highest-ever prices for LNG gas cargoes.

In the U.S., the benchmark price—still far lower than elsewhere thanks to ample shale supply—rallied on Sept. 8 to $5 per MMBtu for the first time since 2014.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access