As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period.

Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data show. Fixed price declines of around 20-40 cents week/week were the norm for most Lower 48 hubs.

Meanwhile, a second straight bearish miss in the latest weekly Energy Information Administration (EIA) storage report Thursday reaffirmed looser balances in the wake of the Freeport liquefied natural gas (LNG) terminal outage.

The print saw August Nymex futures lop off more than $1 in value Thursday, dropping $1.074 to...