An extended outage at the Freeport liquefied natural gas (LNG) terminal continued to dominate the North American natural gas price outlook during the June 9-15 trading period, casting a wide shadow over regional markets from coast to coast, NGI’s Forward Look data show.

The initial outage following an explosion at the 2.0 Bcf/d Freeport terminal, located on Quintana Island on the Texas Coast, sent a shockwave through the natural gas market in the week-earlier period. The shock following reports Tuesday that the terminal won’t return to full service until late this year was similar in magnitude.

The prospect of prolonged downtime for a major source of export demand saw regional forwards contracts throughout the Lower 48 hemorrhage value. July fixed price Henry Hub plunged...