Japan Believes An LNG Supply Squeeze Is Looming

A cross-section of energy analysts have lately provided a mixed outlook on the natural gas sector. In its latest Short Term Energy Outlook, the U.S. Energy Information (EIA) was bearish and forecasted that natural gas spot price at Henry Hub would average ~$6 per million British thermal units (MMBtu) across 4Q22 and 1Q23 – more than $1/MMBtu lower than their October forecast mainly due to higher-than-expected storage levels heading into winter. The EIA also said that it expects natural gas prices to decline after January as the deficit to the five-year…