U.S. Natural Gas Faces Wild 2022 as Foreign Crises Exert Pull

At the dawn of 2022, exports of liquefied cargoes are eating up ever bigger chunks of American gas production

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U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates.

Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed by summer heatwaves that lifted demand and hindered efforts to stow away supplies for winter.