After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075.


Spot gas prices were mixed as some of the heat expected across the United States is now expected to arrive a little later in the week. NGI’s Spot Gas National Avg. climbed 2.0 cents to $4.060.

At A Glance:

  • Next week expected to cool
  • Calendar strips reflect continued tightness
  • California cash up on heat, drought

As it was last week, the 15-day weather outlook was front and center during Monday’s gas trading session. The last...