With demand impacts expected from Tropical Storm Beta hovering over the Texas coast, natural gas futures extended their slide in early trading Tuesday.

AM markets

The October Nymex contract was down 0.9 cents to $1.826/MMBtu at around 8:50 a.m. ET, while January was off 4.0 cents to $3.277.

The October contract opened this week’s trading with a 21.3-cent swoon in Monday’s session, in contrast to gains along the winter strip.

Analysts at EBW Analytics Group pointed to declines in liquefied natural gas (LNG) feed gas demand and weak weather-driven demand as the major catalysts driving Monday’s losses in the front month.

“The November-March gains were triggered in part by reports that power had been partially restored” at the Cameron LNG terminal, where operations have been...