Colder Forecast, New High in LNG Demand Fuel Rally for Natural Gas Futures, Cash

• LNG feed gas deliveries breach 9 Bcf
• Weather models turn colder for 15-day outlook
• Henry Hub cash above $3.00

Natural gas futures moved back above $3.00/MMBtu Monday as export demand reached fresh highs and weather models added back some previously lost demand for the 15-day period. With expiration looming later this week, the November Nymex contract climbed 5.3 cents to $3.024. December edged up 5.8 cents to $3.253.

Spot gas prices surged at the start of the week, driven by strong demand in the country’s midsection. NGI’s Spot Gas National Avg. leapt 50.0 cents to $2.990.

Wednesday’s expiration of the November Nymex futures contract may incite some erratic price behavior this week, but Monday’s move higher appeared to be justified given the tightening supply/demand...