In Q1 2023, the Natural Gas Prices in the US showcased a bearish price trend in the succeeding months. Falling Henry Hub Natural Gas cost with declining dry Natural Gas production came about in slow than-anticipated growth in US Natural Gas production. On 22nd Feb, the Freeport LNG exports terminal came into a function but unexpectedly canceled some cargoes due to a problem with one of its three liquefaction trains, raising fears that operations might take longer than expected. In March, the price of Natural Gas in the USA declined to USD 2.45 per MMBtu Ex-Louisiana. The trade volume of Natural Gas shrunk this quarter, which affected the profit margin and sales among the significant producers.
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