U.S. natural gas producers will face billions of dollars in hedging losses for 2022 as the global energy crunch boosts gas prices to multi-year highs, research by consultancy Rystad Energy showed on Friday. Expectations of strong LNG demand for months boosted U.S. futures to a 12-year high in early October, with prices nearly doubling from last year to trade around $4.94 per million British thermal units (mmbtu) on Friday. Eleven operators analyzed by Rystad stand to lose more than $5.2 billion in 2022 if the average price at the Henry Hub benchmark terminal remains at $4 per mmbtu, an amount that could double to about $9.8 billion if prices average at $5 per mmbtu. “Given that the whole […]