Balance-2022, early-2023 contracts gain 25 to 30 cents Prolonged slump keeps US gas production to 93 Bcf/d Gas storage over 300 Bcf below average, year-ago levels NYMEX natural gas futures prices surged across the board on March 22, lifting the balance-2022 curve into the low- to mid-$5/MMBtu range as the outlook for US supply continues to tighten. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In early trading, the Henry Hub 2022 and early 2023 contracts gained as much as 25 to 30 cents each, signaling strong anticipated demand for US gas this year and into next. The futures curve remained in contango with the summer contracts, with pricing about 12 to 15 cents above the prompt and winter pricing at 30 to 40 cents above the prompt, data from CME Group showed. The sweeping advance in gas futures prices appears to […]