Global supply challenges amid Russia’s invasion of Ukraine and knock-on effects in the United States sent domestic natural gas prices higher for a third consecutive session on Wednesday. The April Nymex gas futures contract rose 4.5 cents day/day and closed at $5.232/MMBtu. May gained 4.7 cents to $5.274.

eia storage chart

At A Glance:

  • BREAKING: U.S. EIA reports 51 Bcf storage withdrawal for week ending March 18
  • LNG demand proves strong, steady
  • U.S. weather model tilts colder

NGI’s Spot Gas National Avg. climbed 18.0 cents to $4.740.

U.S. liquefied natural gas (LNG) exports topped 14 Bcf on Thursday, according to NGI’s initial estimate, marking the third time in a week that volumes approached a record level. As Russia’s month-long war in Ukraine raged unabated, the United States and...