With developments along the Louisiana coast appearing favorable for a ramp-up in export demand, natural gas futures surged in early trading Tuesday. The November Nymex contract was up 11.4 cents to $2.909/MMBtu at around 8:40 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Liquefied natural gas (LNG) feed gas demand climbed to 8.5 Bcf/d in early morning estimates from Bespoke Weather Services. 

“Despite all of the potential issues we heard about the last few days, it is full steam ahead for LNG…and we received word late yesterday that even Cameron would be receiving a tanker to load up, even though the rock barge” obstructing the Calcasieu Ship Channel “has not been cleared,” Bespoke said. 

Recent price action demonstrates “just how sensitive the market is to LNG,” a trend that’s likely to continue,...