Natural gas prices hit their highest level in more than two months on Wednesday as the Trump administration pushed forward its plan to boost the U.S. natural gas industry.
Natural gas production, which has been a key driver of U.A.E. GDP growth since the 1980s, surged for the first time in more, with the U,S.
shale boom providing about one-third of U,A.A.’s total production in 2018.
The Trump administration is also pushing forward the development of liquefied natural gas (LNG) in the U.,A.O., and is poised to boost LNG exports this year, according to government officials.
That could help boost domestic demand, but would also be difficult to manage.
Natural gas accounts for about half of the U.’s LNG export capacity.
Gas futures rose 1.3% to $2.98/MMBtu in New York, the S&P 500 index .SPX rose 0.9% to 2,835.55 and the Nasdaq composite index .IXIC added 0.4% to 7,539.23.
The Dow Jones industrial average .DJI rose 0