Natural gas prices have more than tripled in Europe and Asia, reaching record highs this year. The benchmark U.S. natural gas contract has rallied to $5.62 per million British thermal units (mmBtu), reaching seven-year highs.
Analysts expect the upcoming winter season to lead to further price increases. In addition, the floating liquefied natural gas (LNG) market is expected to grow at a CAGR of 6.1% between 2021 and 2025 to $4.68 billion.
Given this backdrop, fundamentally sound natural gas stocks…
This article originally appeared at StockNews.com.