A surge in feed gas deliveries to export terminals and a hurricane headed for the northern Gulf Coast that has forced some offshore producers to shut-in volumes sent U.S. natural gas futures up sharply on Monday. 

Feed gas volumes hit their highest point since May on Sunday, surpassing 7 Bcf and were at about the same level again on Monday. The ramp up in liquefied natural gas (LNG) production is being driven by Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana, which restarted operations Sept. 4 after the plant was knocked offline last month by Hurricane Laura. Nominations to Sabine Pass on Monday were at 3.3 Bcf, according to NGI’s U.S. LNG Export Tracker.  

“The rapid increase in utilization is tracking ahead of our expectations, helping to further firm up the...