• Colder trends in latest weather data drive more gains for natural gas futures
  • LNG demand strong, feed gas deliveries stable above 11 Bcf
  • Cold blasts boost cash prices

Natural gas futures extended their gains for a fourth consecutive session as weather models continue to tease more cold for the end of the month and into January. The January Nymex contract settled Monday at $2.682, up 9.1 cents from Friday’s close. February climbed 7.5 cents to $2.678.

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Spot gas prices also rallied at the start of the week as back-to-back weather systems drove up demand in key regions. Driven by multi-dollar gains on the East Coast, NGI’s Spot Gas National Avg. jumped 47.0 cents to $3.035.

After earlier forecasts had all but written off cold weather for December, the recent shifts in the...