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Natural Gas to Reach $4 During the Summer? | investing.com - Investing.com

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Natural Gas to Reach $4 During the Summer? | Investing.com
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Natural gas prices behave extremely seasonally.

In the past, due to the increasing demand for natural gas to power air conditioners during the summer season, we have noticed that the price of gas tended to increase significantly as the season approaches

Summer this year could be different than usual, with forecasts showing we are set to experience a hotter-than-expected summer spell across much of the continent.

NOAA (National Oceanic and Atmospheric Agency) has announced the arrival of El Niño for June 8, which means higher than usual temperatures in both summer and winter.

Another boon for natural gas comes from Europe.

Due to concern about its environmental impact, the Dutch government plans to permanently close the Groningen gas field, the largest in Europe. This will have a significant impact on gas supply in Europe.

The Dutch government's unexpected decision triggered a wave of hikes in European gas prices, with TTF energy futures surging more than 50%.

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