The losses continued for natural gas forward prices during the Sept. 10-16 period, with cooling weather and increasing storage concerns pouring salt in the wound left by the lingering shutdown of the Cameron liquefied natural gas (LNG) export terminal.

October natural gas fell an average 7.0 cents, while November tumbled a more substantial 14.0 cents on average, according to NGI’s Forward Look. Prices for the full winter strip (November-March) were down 8.0 cents, and a smaller decline of only 2.0 cents on average was seen for summer 2021.

“The natural gas market is currently pricing in a worst-case scenario for the return of Cameron LNG,” said EBW Analytics Group.

The restart timing of the Cameron LNG facility remains unclear since power first must be restored to the...