US natural gas futures gained around 3% to reach a 14-week high on Monday following forecasts for higher demand over the next two weeks than was previously expected, as feed gas use at LNG plants has picked up with the return to production of the Freeport LNG facility in Texas. The ongoing decline in output is also supporting higher prices.
On the New York Mercantile Exchange, front-gas futures for June delivery rose by 2.5% to reach $2.195 per million British thermal unit, the highest level at close since 29 January for a second day in a row.
Diversified Energy Company plc (LON:DEC) is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream and midstream assets.
