Natural gas price rally continues

Global natural gas prices again moved higher last week as forecasts trended colder, and supply disruptions and a tight shipping market continued. 

Spot prices in North Asia moved above $11.00/MMBtu last week, hitting a new two-year high. One bid for a January cargo was reportedly placed for more than $12.00 as the week got underway. Meanwhile, European natural gas prices moved upward for the third week in a row and front month Henry Hub finished higher on Friday after a volatile week as forecasts show chillier weather on the way in the United States.  European and U.S. benchmarks also posted gains on Monday. 

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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