With high temperatures moving through the US, multiple regions are preparing for gas and power price volatility. Gas supply constraints or cooling demand could result in power demand spikes. Data centers have been increasing power and gas requirements in some areas, power generators have been competing for gas supplies with LNG terminals along the Gulf Coast, and high gas storage levels in Southern California could lower gas and power prices from past summers.

Americas gas editorial lead J Robinson and senior power editor Jared Anderson discuss these factors in the natural gas and power market outlook for summer 2024.

 

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