Following a hot summer that fueled robust domestic cooling needs and strong demand for U.S. exports of liquefied natural gas (LNG), Henry Hub prices surged and could climb even higher this winter if the season is exceptionally cold and supplies of gas in storage prove perilously low.

Northeast Prices

This was a key theme to emerge during a panel discussion at the LDC Gas Forums – Midcontinent on Tuesday in Chicago. NGI’s Price and Markets Editor Leticia Gonzales shared a panel discussion with IHS Markit’s Samuel Andrus, executive director of North American gas.

Natural gas futures on Monday surged to a fresh 2021 high – and the highest level in eight years — as supply/demand balances further intensified alongside a fast-developing hurricane season.

The latest price action “may be...