• Soft near-term fundamentals keeping pressure on natural gas futures at the front of the curve through midday trading
  • April Nymex contract down 3.7 cents to $1.677/MMBtu as of 1:56 p.m. ET; May off 2.9 cents at $1.794
  • LNG export demand down to 12.6 Bcf/d in latest Wood Mackenzie estimates
  • Deliveries to Freeport well below capacity at 746,514 Dth for Wednesday, per NGI’s LNG Export Tracker
  • Sixth straight surplus-padding storage report expected from U.S. Energy Information Administration (EIA) Thursday
  • NGI modeling light 3 Bcf withdrawal, versus 87 Bcf five-year average pull
  • At 2,334 Bcf, Lower 48 inventories already 257 Bcf above maximum of 2019-2023 range as of March 1, EIA data show
  • Global Forecast System seen trending colder in midday run by showing “less pronounced warmer break”...