Amid signs of ongoing issues at a major U.S. LNG export terminal, and with physical market prices pointing to weak near-term fundamentals, natural gas futures were headed for heavy losses as of midday trading Wednesday. 

Here’s the latest:

  • May Nymex futures down 13.2 cents to $1.680/MMBtu as of 2:11 p.m. ET
  • Day-ahead Henry Hub prices flat at $1.590, still discounted versus expiring May Nymex futures, NGI’s MidDay Price Alert data show
  • June contract down 10.0 cents to $1.994 on higher volume
  • Flows to U.S. liquefied natural gas export facilities off slightly day/day to 12.4 million Dth/d, per NGI’s LNG Export Tracker

Based on flow data, deliveries to Freeport LNG were estimated at 433,236 Dth for Wednesday. However, recent activity hinted at potential issues at the facility....