• LNG production higher as hurricane, maintenance events end
  • Weather outlooks turn chillier, also driving up demand
  • Cash soars as supply still down following Delta

With Gulf Coast liquefied natural gas (LNG) facilities unscathed by Hurricane Delta, export demand’s quick rebound combined with a chillier forecast to send natural gas futures sharply higher Monday. The November Nymex gas futures contract jumped 14.0 cents to settle at $2.881. December climbed 6.7 cents to $3.271.

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Spot gas prices also posted stout increases across most of the United States. NGI’s Spot Gas National Avg. shot up 61.0 cents to $1.920.

Monday marked the fourth consecutive day of gains for Nymex futures and could kick off a sustained rally in natural gas prices over the coming months.

Several...