US natural gas prices are currently cheaper than prices for liquefied natural gas (LNG) in Europe and Asia according to Cheniere Energy and Bloomberg. Crude oil and natural gas prices have diverged in the United States with natural gas prices remaining lower according to Bloomberg. US futures markets predict this divergence between oil and gas prices will be prolonged while European futures foresee slightly more convergence in these energy prices over time based on data from Bloomberg.

1. US natural gas are cheaper than gas
and LNG prices in Europe and Asia
UK US Japan Europe
Source: Cheniere Energy, Bloomberg

2. Crude oil and natural gas price have
diverged in the United States
Source: Bloomberg

3. US futures curve calls for
prolonged oil – gas divergence
Source: Bloomberg

4. European futures curve calls for
slightly more convergence
Source: Bloomberg