Freeport Delayed Again While European Natural Gas Continues To Surge Into The Stratosphere
US natural gas prices briefly eclipsed $10/MMBtu today before falling lower on the news that the Freeport LNG facility is further delayed to November. The recent rally in US natural gas came as a result of the frenzy we are seeing across the Atlantic. European gas prices have soared to the equivalent of ~$500/boe and fears are rising that Europe won't h…