With a mid-January arctic blast lining up to drive strong heating demand and disrupt production volumes, regional natural gas forwards raced higher during the Jan. 4-10 trading period, NGI’s Forward Look data show.

Markets across the country braced for freezing and even subzero temperatures, with frigid temperatures and severe weather already developing ahead of the extended Martin Luther King Jr. Day weekend. 

In sharp contrast to mild conditions season-to-date, forecasts called for icy low temperatures to grip the Lower 48 into the week ahead, with Old Man Winter apparently keen to make up for lost time.

Pronounced fixed price front month gains sprawled across the North American market, with price strength weighted toward the eastern two-thirds of the Lower 48. Henry Hub...