The losses continued for natural gas forward prices during the Sept. 10-16 period, with cooling weather and increasing storage concerns pouring salt in the wound left by the lingering shutdown of the Cameron liquefied natural gas (LNG) export terminal in the wake of Hurricane Laura.

October natural gas fell an average 7.0 cents over the six-day period, while November tumbled a more substantial 14.0 cents on average, according to NGI’s Forward Look. Prices for the full winter strip (November-March) were down 8.0 cents, and a smaller decline of only 2.0 cents on average was seen for summer 2021.

However, prices plummeted to fresh lows Thursday after the latest government storage data provided a dose of reality to traders who had propped up October prices a bit too much in recent...