Outlook for NAT GAS looks good going forward, bought 500 too U.S. natural gas futures jumped about 5% to a one-week high on Friday on forecasts for more demand next week than previously expected with rising amounts of gas flowing to liquefied natural gas (LNG) export plants, but they remained on track to drop by a record 51% this quarter,
Feedgas to those LNG export plants climbed after Freeport LNG’s facility in Texas exited an eight-month outage in February and returned to near full power this week. Freeport LNG shut in June 2022 after a fire.
The quarterly price drop came on rising output and mostly mild weather so far this winter that kept heating demand low and allowed utilities to leave more gas in storage than usual.