US contracts for natural gas to the highest level in 13 years

US natural gas futures settled near a 13-year high on Tuesday, on expectations of increased demand, lower production and a decline in wind-generated electricity in Texas, amid record demand.

And gas contracts for July delivery ended trading down 2.9 cents, or 0.3%, to record at settlement $9.923 per million British thermal units.

The contract closed Monday at its highest level since August 2008.

And US gas futures are up about 151% since the start of the year, as much higher prices in Europe and Asia keep demand for US LNG exports strong, since the Russian invasion of Ukraine on February 24 stoked fears that Moscow could cut off gas supplies. to Europe.

Gas trading is stable around $25 per million thermal units in Europe, and $23 in Asia.