Natural gas futures prices bounced around Tuesday, with the prompt-month Nymex contract trading in a relatively tight range before ultimately settling modestly higher day/day. With LNG demand continuing to rise and weather forecasts rather uninspiring, the May Nymex contract edged up 1.4 cents to $2.186/MMBtu.

West Texas Prices

At A Glance:

  • Production falls to 97 Bcf/d
  • Forecasts for mixed demand
  • NGI models draw of 41 Bcf

Cash prices shifted a dime or less at the vast majority of North American locations. NGI’s Spot Gas National Avg. slipped 7.5 cents to $2.400.

Feed gas deliveries to U.S. liquefied natural gas facilities are ramping up toward all-time highs, setting the stage for incremental gains later this year as Freeport LNG returns to full capacity and Calcasieu Pass comes fully...