A new year brought a new outlook to regional natural gas forwards markets during the Dec. 28-Jan. 3 period, NGI’s Forward Look data show.

Coming off a balmy December, forecasts during the period teased the arrival of markedly more winter-like conditions through this month, and traders responded by locking in double digit near month fixed price gains across the Lower 48.

February fixed prices at benchmark Henry Hub jumped 22.4 cents for the period to reach $2.682/MMBtu.

[Reading the Wall Street Tea Leaves: What is the outlook for North American natural gas? In this episode of the Hub & Flow podcast, we dive into what earnings calls and consensus estimates say about natural gas market dynamics in the lower 48. Tune into the podcast now.]

Has Winter Finally...