Henry Hub gas rebounds above $3/MMBtu as storage tightens and U.S. LNG exports expand

A report says U.S. Henry Hub natural gas has rebounded from an April low of $2.77/MMBtu to above $3, helped by three straight weeks of storage injections below expectations and a sharply narrower year-on-year inventory surplus. Rising summer power demand, faster ramp-ups at LNG export facilities and incremental gas use from data centers have also supported prices. Price premiums in Europe and Asia continue to pull U.S. LNG cargoes, while disruptions along international shipping routes have further boosted the competitiveness of American LNG.