Natural gas prices dipped slightly lower in December bidweek trading as markets mulled modest weather-driven demand in November against the prospect of increased domestic heating needs this month and continued robust liquefied natural gas (LNG) export volumes.

NGI’s December Bidweek National Avg. declined 2.5 cents month/month to $2.720/MMBtu, which also represents a 10.5-cent discount from the December 2019 bidweek average.

The December Nymex natural gas futures contract rolled off the board last Wednesday at $2.896, up 12.1 cents day/day as weather-driven demand was forecast to improve and the U.S. Energy Information Administration (EIA) reported a storage withdrawal of 18 Bcf for the week ended Nov. 20. LNG levels were also strong – near 10 Bcf, as they were most of...