• Mid-range weather outlooks tilted cooler
  • LNG export levels held up
  • Cash prices dropped in the Northeast

Natural gas futures rallied on Tuesday, climbing on liquefied natural gas (LNG) export momentum and hints of increased heating demand in mid-March.

markets

The April Nymex contract climbed 6.2 cents day/day and settled at $2.839/MMBtu, building upon a modest gain a day earlier. May advanced 5.7 cents to $2.875.

NGI’s Spot Gas National Avg., meanwhile, lost 12.5 cents to $2.840, led lower by sharp declines in the volatile Northeast region.

Futures opened trading in the green on Tuesday and gained strength through the session. Mild weather is widely anticipated much of next week across the Lower 48, but forecasters noted the potential for cooler conditions the following week...