With prices poised to move potentially either way depending on developments in the situation at a major U.S. export terminal that went offline last week, natural gas futures were down a few cents in early trading Monday. 

NGI Morning Natural Gas Price & Markets Coverage

The July Nymex contract was off 5.8 cents to $8.792/MMBtu at around 8:50 a.m. ET. August was down 5.8 cents to $8.809.

Entering the new trading week, price action could pivot on any new information surrounding the length of the outage at the Freeport liquefied natural gas (LNG) terminal following the recent explosion that forced the facility offline, according to analysts.

“News of the duration of the 2.0 Bcf/d Freeport outage could swing natural gas prices in either direction,” EBW Analytics Group senior analyst Eli Rubin said. “In our view, odds...