Buoyed by higher volumes flowing to a major export terminal and continued production weakness, natural gas futures were rallying through midday trading Thursday.

Here’s the latest:

  • June Nymex futures up 10.4 cents to $2.036/MMBtu as of 2:25 p.m. ET, back in line with Monday’s close
  • Production off to slow start for May, estimates show

Wood Mackenzie sampled domestic production at 97.6 Bcf/d for Thursday, flat day/day. That’s down sharply versus output well over the 100 Bcf/d mark for most of the 2023/24 winter.

  • Freeport LNG taking nearly 1 million Dth/d in Thursday’s flows, data from NGI’s LNG Export Tracker show

Deliveries to Freeport have wobbled in recent weeks as the liquefied natural gas terminal continues to operate below its full capacity. Volumes bound...