U.S. consumers and utilities will be paying much higher prices for natural gas and energy this winter, as record American natural gas exports amid sluggish domestic production growth have raised prices for the fuel. The global natural gas supply crunch has impacted U.S. prices, too. But it has also drawn record volumes of gas exports out of America this year, leaving lower volumes for the domestic market, on which major natural gas producers are sticking to capital discipline to reward shareholders and are not rushing to raise output.
…U.S. Consumers To Foot The Bill For Surge In Natural Gas Exports
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