Weather
US Natural Gas Inches Up on Colder Weather, Higher Flows to LNG
Key Points
US natural gas futures increased slightly as forecasts shifted to show colder weather than previously expected across the eastern US, indicating higher demand for the furnace fuel as consumers crank up the heat. Gas flows to liquefied natural gas export terminals on the US Gulf Coast also rose, leaving less gas within the domestic market and adding upward pressure to prices.
US natural gas futures increased slightly as forecasts shifted to show colder weather than previously expected across the eastern US, indicating higher demand for the furnace fuel as consumers crank up the heat. Gas flows to liquefied natural gas export terminals on the US Gulf Coast also rose, leaving less gas within the domestic market and adding upward pressure to prices.